Financial technology company Superstate and cryptocurrency exchange Backpack announced a partnership to list tokenized shares for the first time registered with the United States Securities and Exchange Commission (SEC) in a digital asset exchange platform.
This measure will allow users trade shares of public companies along with cryptocurrencies.
According to the press release that was shared with CriptoNoticias, the integration will be carried out through “Opening Bell”, the stock platform on-chain from Superstate.
Unlike other products already available on the market, These tokenized shares are not derivatives or synthetic representations (wrappers), but the native assets issued with the same CUSIP identifier as those listed on exchanges such as Nasdaq or NYSE.
This gives investors direct ownership and the associated economic and political rights.
With this integration, traders will be able to use a single environment to trade and leverage both traditional stocks and cryptocurrencies.
Robert Leshner, CEO of Superstate, highlights that the move expands the variety of assets available and improves leverage opportunities compared to traditional markets.
For his part, Armani Ferrante, founder of Backpack, points out that the initiative seeks to unite traditional finance with the ecosystem of digital assets. The collaboration could position Backpack as the first exchange to offer this type of natively regulated asset, laying the groundwork for future interoperability with decentralized finance (DeFi).
Details on specific actions and release date will be announced soon.