Superstate and Backpack Launch On-Chain Trading of SEC-Registered Stocks

Backpack partners with Superstate to integrate SEC-compliant tokenized equities for non-U.S. traders, marking the first centralized crypto exchange to offer real U.S. stocks on-chain.

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181d ago

Fact Check

The statement is strongly supported by the evidence. Source 1, a recent article from The Block, explicitly states that 'Superstate has partnered with Backpack, claiming to bring natively tokenized public equities to centralized trading for the first time.' 'Public equities' refers to stocks of publicly-traded, SEC-registered companies. Other sources corroborate Superstate's involvement in tokenizing specific company stocks, such as Forward Industries (Source 3) and Galaxy Digital (Source 4), reinforcing the core claim.

Summary

Crypto exchange Backpack announced an official partnership with blockchain finance firm Superstate to introduce SEC-registered U.S. equities to its trading platform. Through Superstate’s Opening Bell platform, non-U.S. users can trade tokenized shares of Nasdaq- and NYSE-listed companies directly on-chain. The equities, issued under U.S. securities law with standard CUSIP identifiers, provide identical ownership rights to traditional shares. This initiative positions Backpack as the first centralized crypto exchange to list issuer-backed, SEC-compliant equities natively on-chain. The companies will reveal supported equities and launch timing in the coming weeks.

Terms & Concepts

Tokenized Shares: Blockchain-based representations of traditional company equities, providing the same legal ownership rights as conventional shares.
SEC-Registered Equities: Securities officially registered with the U.S. Securities and Exchange Commission, ensuring compliance with U.S. financial regulations.
CUSIP Identifier: A unique code assigned to financial instruments in the U.S. for standardized identification and tracking.