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.