Backpack partners with Superstate to enable on-chain trading of SEC-registered stocks
Foresight News reported, according to CoinDesk, that Backpack Exchange has announced a partnership with fintech company Superstate to integrate its on-chain stock platform Opening Bell into the exchange, allowing Backpack users to trade SEC-registered publicly listed company stocks on the platform. The relevant stocks have the same CUSIP codes as those listed on exchanges and are issued by Superstate as the transfer agent, giving investors direct ownership and associated rights. The two parties will announce the first batch of supported tokenized stocks and their launch dates in the coming weeks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sector Update: Tech Stocks Fall Monday Afternoon
First Solar Faces Pricing Pressure Amid High Inventory, Slow Project Starts, KeyBanc Says
Masonglory prices US$ 1 million private placement at US$ 1.50 per share
1.1 Million XRP Ledger Payments: What Pushes It So High?
Crypto prices
More
