Centralized exchange (CEX) and wallet app Backpack announced today, March 4, that it will offer early access to initial public offerings on-chain in partnership with Superstate.
Currently, Backpack is offering users access to a waitlist for the new offering. The exchange — which was founded by former employees of the now defunct FTX and Alameda — said in its announcement that it’s providing access to IPO shares “prior to open market trading.”
The IPO shares will be available on the Solana blockchain and give traders direct ownership of equity, the firm noted in its announcement.
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