Backpack, a cryptocurrency exchange established by former FTX employees, has introduced Backpack Securities, a new platform that merges traditional stock trading with tokenized securities. The platform features a U.S.-regulated brokerage and custody service, providing investors with actual ownership of equities, including rights to dividends and corporate actions. This service integrates with systems like ACATS and DTCC. In collaboration with Sunrise, a Solana-based tokenization protocol, Backpack Securities allows users to convert their equities into tokenized securities. These tokenized assets will initially be tradable 24/7 on the Solana blockchain and compatible with various wallets and DeFi protocols. The platform plans to extend support to additional blockchains in the future, with related brokerage services set to begin rolling out in June 2026.