Backpack partners with Superstate to enable on-chain trading of SEC-registered stocks

According to Foresight News, according to CoinDesk, Backpack Exchange announced a partnership with financial technology company Superstate to integrate its on-chain stock platform Opening Bell into the exchange, allowing Backpack users to trade stocks of SEC-registered listed companies on the platform. The underlying shares have the same CUSIP symbol as Nasdaq- or NYSE-listed shares and are issued by Superstate as transfer agent, giving investors direct ownership and related rights. The two parties will announce the first batch of supported tokenized stocks and their launch time in the next few weeks.
Disclaimer: The views in this article only represent the author's personal views and do not constitute investment advice from this platform. This platform does not make any guarantees about the accuracy, completeness, originality and timeliness of the information in the article, nor is it responsible for any losses caused by the use or reliance of the information in the article.