Backpack US appointed Multicoin Capital co-founder Kyle Samani to its board of directors on Sept. 2 as it expands regulated financial services. Samani stepped back from managing Multicoin Capital in February 2026 while retaining an advisory role and now chairs Forward Industries, a publicly traded Solana treasury company that raised $1.65 billion in a 2025 private placement. Backpack serves users across 150 countries and has processed more than $450 billion in volume. The appointment supports the company’s plan to connect traditional financial markets with blockchain infrastructure through its crypto exchange, self-custody wallet and Backpack Securities, a regulated brokerage and tokenization platform. Backpack expanded into Europe by acquiring FTX EU and launching services under the MiFID framework. It recently launched continuous equity trading including perpetual futures on Sept. 1 along with tokenized stocks on Solana.