Backpack Opens Waitlist for IPOs Onchain

We are launching the waitlist for IPOs Onchain, a new product that gives users access to IPO allocations before public market trading begins.

Think IEO — but for IPO shares.

This marks a major step in expanding beyond crypto-native markets into regulated traditional capital markets, delivered entirely onchain.

Waitlist opens: March 4 at 8:00 AM EST.

Supported by amplification from Solana and Superstate.

What Is IPOs Onchain?

IPOs Onchain enables eligible users to access official IPO share allocations prior to open market trading.

Traditionally, IPO allocations are reserved for institutional investors, large funds, and private banking clients. Retail investors typically gain access only after the stock begins trading publicly, often at a higher and more volatile price.

Backpack changes that.

Through tokenized equities issued on Solana, users will be able to:

• Purchase official IPO shares
  
• Receive real, direct ownership
  
• Access allocations before public listing
  
• Participate through Backpack's unified trading engine
  

This is not synthetic exposure.
This is structured access to real IPO allocations delivered through crypto-native infrastructure.

Why This Matters

This launch represents a structural expansion of Backpack's long-term vision. We are not building just another perpetual DEX or centralized exchange. We are building financial infrastructure that bridges crypto-native capital markets with regulated traditional financial assets, settled onchain.

IPOs Onchain moves Backpack into the regulated capital formation layer of global markets. The outcome is comparable to what traditional top-tier brokerage platforms offer institutional clients, but architected natively for capital efficiency and blockchain settlement.

This will also become a meaningful component of Backpack token utility over time.

Strategic Partnerships

Superstate provides institutional-grade infrastructure for tokenized funds and equities, with over $1B AUM across tokenized products and deep expertise in capital formation and regulatory structuring.

Solana serves as the network layer for tokenized equities — high-performance settlement infrastructure optimized for capital-efficient onchain markets.

Together, this foundation enables compliant, scalable access to IPO allocations onchain.

Join the Waitlist

Users can now join the waitlist for priority access to the first IPO allocation at backpack.exchange/ipo-access

• Logged-in users can opt in directly
  
• Any individual may submit an email
  
• Available on desktop and mobile web
  

After submission, your email will be registered in our system. The on-screen confirmation may not persist across different devices or browser sessions.

Note: IPOs Onchain provides access to IPO allocations for external companies. This is not related to a Backpack IPO.

The Next Phase of Capital Markets

Access to IPO allocations has historically been limited to institutions.

IPOs Onchain opens that access through tokenized equities and blockchain-native infrastructure.

This is the next phase of capital markets moving onchain.

Join the waitlist.