Odaily Planet Daily reports that fintech company Superstate announced today a partnership with Backpack, a global centralized cryptocurrency exchange, to bring natively tokenized, listed stocks to a centralized trading environment for the first time. This partnership integrates Superstate's on-chain stock platform, Opening Bell, into the Backpack exchange, enabling Backpack users to trade and cross-margin SEC-registered, public company stocks, similar to how they trade cryptocurrencies and stablecoins—not tokenized, wrapped assets. These stocks are issuer-led, have the same CUSIP symbols as stocks listed on Nasdaq or the New York Stock Exchange (NYSE), and are issued through Superstate, an SEC-registered transfer agent. This structure provides investors with direct ownership and potential dividend and voting rights, while also laying the foundation for future DeFi interoperability through the Backpack wallet.

"The future of finance is the future of crypto," said Armani Ferrante, Founder and CEO of Backpack. "Bringing Superstate's assets to Backpack brings us one step closer to becoming the preferred financial services platform for crypto-natives. By listing real-world tokenized stocks alongside crypto assets, we provide users with more markets, more opportunities, and more assets to trade seamlessly on one platform."

With this integration, Backpack becomes the first exchange to natively trade issuer-supported, SEC-registered stocks on the blockchain, opening up a new asset class that combines the regulatory compliance of traditional markets with the speed and composability of crypto markets. Backpack and Superstate will announce the first batch of supported tokenized stocks and their launch dates in the coming weeks. Backpack has obtained cryptocurrency-related service licenses or authorizations in multiple jurisdictions, with business covering more than 150 countries and regions. Since its launch in 2024, it has achieved a trading volume of over $239 billion. (The Block)