Backpack to Trade SEC-Registered Tokenized U.S. Stocks on Blockchain
- Backpack will be the first centralized exchange to list SEC-registered tokenized U.S. stocks.
- The integration, powered by Superstate, allows users outside the U.S. to trade these stocks legally.
- Tokenized stocks will use CUSIP numbers, ensuring compliance with American securities laws.
- Robert Leshner of Superstate noted this innovation enhances asset access and margin capabilities for traders.
- Backpack has been developing regulated infrastructure since this year across various jurisdictions, including Dubai.
This initiative marks a significant step towards integrating traditional financial instruments into blockchain environments, addressing inefficiencies in capital markets by providing direct ownership connections without intermediaries.
With the launch of trading for tokenized U.S. stocks, Backpack aims to enhance transparency and efficiency in financial markets, reflecting a growing trend in asset tokenization among various companies.(Source)
