Introducing Backpack Securities: The Crypto Stock Broker

Over the next week, we’ll be launching Backpack Securities.

A securities platform built for a world where traditional finance and crypto are no longer parallel systems.

Backpack Securities combines three layers that we believe are necessary for modern finance:

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

All underpinned by a coherent legal and technological infrastructure required to make these innovations broadly accessible.

Together, they create a direct pathway between traditional securities ownership and blockchain-native tokenization, bridging the two worlds to not only allow ownership of security entitlements, but also to allow the on/off-ramping of stocks in a way that hasn’t been done before.

Real Ownership

Every financial system begins with ownership.

Before an asset can be tokenized, traded globally, used as collateral, or integrated into blockchain applications, investors need confidence in what they actually own.

Not all stock products are structured the same way. Not all ownership rights are the same. Not all legal protections are the same.

When evaluating any securities product, investors should understand who holds the underlying asset, what rights accompany ownership, and which legal framework ultimately protects those rights.

This is why Backpack Securities begins with a traditional brokerage platform.

• Investors can buy, hold, and sell real securities through established U.S. securities infrastructure
• Ownership is established through real security entitlements governed by New York law (UCC Article 8)
• Eligibility for cash dividends, corporate actions, and on/off-ramping existing stock portfolios through brokerage transfers, including ACATS and DTCC rails

At launch, Backpack Securities combines access to U.S. stocks and ETFs with 24/5 trading, instant execution, traditional exchange liquidity, and seamless funding through both fiat and stablecoins.

Ownership is the foundation.

Tokenization

The internet transformed the distribution of information. Blockchains are transforming the distribution of financial assets.

Investors increasingly expect assets to move globally, settle continuously, and integrate with wallets and digital applications.

This is where tokenization becomes important. Backpack Securities combines brokerage infrastructure with tokenization infrastructure, enabling investors to seamlessly transition between traditional securities ownership and tokenized securities.

• 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 tokenized securities into traditional security entitlements (and vice versa) through Backpack Exchange deposits and withdrawals (really, it's that simple)
• Transfer to and from your favorite TradFi brokerage account directly from your Backpack Exchange account

Initial tokenized securities will launch on Solana in partnership with Sunrisedefi, bringing tokenized stocks with native liquidity to one of the largest networks for digital asset transactions.

Tokenization expands distribution.

Unified Capital

Most financial infrastructure was built around asset silos.

Stocks sit in brokerage accounts. Crypto sits on exchanges. Stablecoins sit in wallets. Yield products, derivatives, and lending markets operate independently.

Capital becomes fragmented across multiple platforms, accounts, and collateral systems.

The next evolution of finance is not simply about building a “super app.” Super apps bring products together. Unification brings capital together.

Backpack Securities extends that philosophy into traditional capital markets. Rather than treating stocks, crypto, stablecoins, and derivatives as separate products, we believe they should exist within a single portfolio experience.

Today, Backpack already enables users to trade, lend, borrow, stake, and earn yield through a unified collateral system. Securities are the next step.

Unification answers how capital works together.

Built as One

The financial system has always been fragmented by design. Banks, brokerages, and exchanges each built their own infrastructure. Crypto built an entirely new one.

Backpack is where they become one.

Real ownership. Onchain distribution. Unified capital. Built as one.