Backpack Securities Launches Tokenized US Equity and ETF Trading on Solana

Backpack has launched Backpack Securities, a dual-infrastructure brokerage and tokenization platform that lets users buy and hold real US stocks and ETFs, then convert those holdings into tokenized versions that move on the Solana blockchain. The platform went live in June 2026, according to the company's official announcement.

The service operates two parallel rails. The brokerage layer gives users direct ownership of US equities, including dividend eligibility, corporate action rights, and settlement through ACATS and DTCC infrastructure. The tokenization layer, built in partnership with Sunrise, converts those holdings into on-chain representations on Solana, which can then be transferred to wallets and used within DeFi applications around the clock. Users can move in either direction: from traditional brokerage to on-chain, or back.

CEO Armani Ferrante said in the announcement: "Real equity ownership and blockchain-native access are not competing models; they are two parts of the same financial system."

How the Sunrise Integration Works

Sunrise is a Solana-based tokenization protocol that creates blockchain representations of real-world assets, maintaining a one-to-one correspondence between each tokenized stock and a real share held in custody. When a Backpack Securities user converts their equity holding, Sunrise issues a corresponding token on Solana. The underlying share remains custodied in the brokerage layer; the token represents the claim against it.

The arrangement enables 24/7 on-chain transfers. Ordinary stock trading is constrained to market hours, but the tokenized form can move at any time on Solana. Traditional equity shareholder protections apply to the underlying: dividend rights and voting rights are preserved in the structure, according to the company. Ownership is backed by New York law under UCC Article 8.

This positions Backpack Securities as part of the broadening infrastructure for compliant tokenized equity on Solana. Orca launched permissioned pools last week to give KYC-gated tokenized assets a compliant secondary market on a Solana DEX, the kind of trading venue that tokenized equities from platforms like Backpack Securities could eventually use.

Backpack Exchange: $447B Volume and a Regulated Brokerage Push

Backpack Exchange reports $447 billion in cumulative trading volume and operates across more than 150 countries, according to the press release. The exchange was co-founded by Ferrante and is associated with the Mad Lads NFT collection. It previously managed fee-free claims processing for FTX creditors and acquired FTX EU's assets to restore licensed trading in Europe.

The launch extends Backpack's product footprint beyond crypto-native instruments. Over roughly three years the exchange has added yield products, derivatives, payments, and prediction markets. Securities trading represents its first significant push into regulated traditional asset classes.

Solana has established itself as the dominant venue for tokenized equity spot volume. Data published last week showed the network capturing 97% of tokenized equity spot volume globally, with holder counts reaching 200,000. Backpack Securities adds a new supply channel to that ecosystem, one tied to a regulated brokerage rather than a pure on-chain issuance model.

The platform plans a phased rollout beginning in June 2026. Availability for international users and the full scope of supported equities and ETFs has not been specified in the launch materials.