What Is Backpack Securities?

Backpack Securities is a regulated securities platform built for a world where traditional finance and crypto no longer operate as separate systems. It brings together three layers modern finance requires:

• Real ownership through a traditional brokerage platform
• Onchain distribution through tokenization
• Unified capital through Backpack's portfolio infrastructure

All built on the legal and technological foundation needed to make these innovations broadly accessible. Together, these layers open a direct route between traditional securities and onchain markets, letting users hold real security entitlements and freely move stocks between the two worlds.

Eligible Backpack users buy and sell real US-listed stocks and ETFs from the same account as their crypto, settled in USD. Holdings are real security entitlements under New York UCC Article 8. Selected stocks can also be tokenized 1:1 on Solana for onchain access. Selected equities trade 24/7 including weekends, and idle USD in the account can earn variable APY via Auto Lend.

How does Backpack Securities work?

Backpack Securities operates across three connected layers: real ownership, tokenization, and unified capital. Together, they create a direct pathway between traditional securities ownership and blockchain-native tokenization, supporting both ownership of security entitlements and the on/off-ramping of stocks between traditional brokerage accounts and Solana wallets.

Traditional Securities

Backpack Securities begins with a traditional brokerage platform. When you buy a stock on Backpack, you own a real security entitlement under New York UCC Article 8, the same legal ownership structure used at firms like Charles Schwab, Fidelity, Vanguard, and Robinhood.

• Buy, hold, and sell real securities through established US securities infrastructure
• Ownership established through real security entitlements governed by New York law (UCC Article 8)
• Cash dividends, corporate actions, and on/off-ramping existing stock portfolios through brokerage transfers, including ACATS and DTCC rails

Backpack Securities is the first regulated platform where users can trade real US stocks 24/7, including weekends and holidays, with USD settlement. 24/7 trading is currently available for selected equities; liquidity during weekend and off-hours sessions may differ from regular market hours.

Tokenized Securities

Real ownership is the foundation. Tokenization is how that ownership moves at the speed of the internet. Each tokenized security is issued 1:1 against the underlying real share held through Backpack Securities, and redeemable 1:1 back into the real share at any time.

Tokenized securities are blockchain-based representations of the underlying security entitlement. While they carry the same economic exposure and are redeemable 1:1, they are distinct instruments from the security entitlement itself.

With tokenized securities, investors can:

• Transfer tokenized securities 24/7 onchain
• Access assets through wallets and DeFi applications while maintaining a direct connection to ownership of the underlying security
• Convert between tokenized securities and real security entitlements through Backpack Securities deposits and withdrawals
• Transfer to and from external brokerage accounts directly from Backpack Securities

Tokenized securities launch on Solana through a partnership with Sunrise.

Unified capital

Traditional financial systems are built around silos. Stocks live in brokerage accounts. Crypto lives on exchanges. Stablecoins live in wallets. Yield products, derivatives, and lending markets operate independently. Capital ends up fragmented across platforms, accounts, and collateral systems.

Super apps bring products together. Unification brings capital together.

Backpack treats stocks, crypto, perpetual futures, and lending positions as a single portfolio. They share the same account, the same collateral, and the same balance. A stock purchase can be funded by USD from lending. Crypto and stocks can collateralize the same perpetual position. No separate portal. No additional verification beyond existing Backpack KYC. No manual transfers between products.

Idle USD in the account can earn variable APY through Auto Lend, automatically routed into Backpack's lending market and pulled back the moment it is needed for a trade. Rates are dynamic and depend on pool utilization. Cash waiting to buy stocks does not sit idle — it keeps working.

Who can use Backpack Securities?

Backpack Securities is available to eligible users with a verified Backpack account in supported regions. No additional verification is required beyond existing Backpack KYC. Funding is via stablecoins or USD wire, so a US bank account is not required to buy US stocks.

Not available in: United States, United Kingdom, United Arab Emirates, Japan, and Backpack EU.