Overview

• Backpack will embed Superstate’s Opening Bell platform to list tokenized shares that the firms describe as real equities issued under U.S. securities law rather than synthetic wrappers.
• Eligibility is limited to non‑U.S. users, aligning the launch with jurisdictions where Backpack already operates licensed venues.
• Backpack says it will be the first centralized exchange to list issuer-backed, SEC-registered equities natively onchain, a claim that remains company‑stated.
• Superstate’s model uses a registered transfer agent to mirror traditional market infrastructure on blockchain rails and to enable potential integration with DeFi tools.
• The companies have not yet named which U.S. stocks will be supported or the rollout date, saying those details will follow in the coming weeks as tokenized equities gain traction across the industry.