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Backpack Opens Public Beta for Unified Stock and Crypto Trading Platform

Backpack has officially launched the public beta of Backpack Securities, allowing users to trade U.S. stocks and ETFs alongside cryptocurrencies from a single account. The launch follows the company’s June 2 announcement introducing stock trading capabilities and marks the next phase of its effort to combine traditional finance and crypto markets on one platform.

The Solana-focused exchange and wallet provider now allows users to trade real U.S. stocks and exchange-traded funds (ETFs) alongside cryptocurrencies, perpetual futures, and yield products through one account. The rollout follows years of infrastructure development and regulatory preparation aimed at bringing traditional and digital assets together under a compliant framework.

Backpack expands beyond crypto trading

The beta launch introduces direct access to U.S. equities while maintaining Backpack’s existing crypto trading services. According to the company, users will own actual shares of listed U.S. companies under New York law rather than synthetic or tokenized representations.

The platform also supports 24/5 stock trading with access to traditional market liquidity and instant order execution. Additional brokerage features, including cash dividends, stock transfers, and corporate actions, are being introduced gradually throughout the beta period.

To encourage adoption, Backpack is offering zero trading fees through the end of June.

Years of regulatory and infrastructure work

Backpack founder Armani Ferrante said the launch reflects years of work focused on regulatory compliance and financial infrastructure rather than rapid expansion.

The company relocated part of its operations to Japan more than three years ago as it worked to establish banking relationships and secure the approvals needed to support both traditional financial products and crypto services.

Ferrante described the project as part of a broader effort to connect digital assets with traditional financial markets, arguing that meaningful integration requires long-term investment in compliance and operational systems.

Additionally, Ferrante recently said that recent moves by the US CFTC on regulated Bitcoin perpetual futures and the US SEC on tokenized securities are helping connect crypto with traditional finance. He also pointed to SpaceX’s expected major IPO as another sign of rising overlap between the two systems.

Unified platform targets global users

Backpack is positioning the new service as a single destination for investing, trading, and asset management. Users can access stocks, ETFs, cryptocurrencies, futures, and wallet services from one interface powered by stablecoin payment rails.

The launch comes roughly three months after Backpack’s $BP token generation event that links the release of its native utility token to a future initial public offering (IPO) in the United States and marks the beginning of a broader product rollout planned over the coming months.

Community response has been largely positive, with supporters highlighting the company’s gradual, compliance-first approach. Meanwhile, Backpack has announced  the appointment of Dr Michael S. Piwowar, former SEC Commissioner and Acting Chairman, to its US subsidiary’s Board of Directors.

 

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