Token Terminal adds 145 new RWA deployments from Backpack, Anchored, and xStocks. September 4, 2026 Crypto Briefing general Positive Token Terminal has added 145 new real-world asset (RWA) deployments to its analytics platform, integrating data from Backpack, Anchored, and xStocks in one of the largest single expansions of RWA tracking infrastructure seen on a major crypto analytics platform to date. This development places Token Terminal at the center of the rapidly accelerating real-world asset tokenization trend, which has seen total RWA value locked on-chain surpass $15 billion in 2025 as traditional finance institutions race to migrate equities, bonds, and commodities onto blockchain rails. The addition of xStocks tokenized equities, Anchored's asset-backed instruments, and Backpack's expanding ecosystem signals that RWA crypto investments are moving well beyond niche experimentation into a scalable, data-rich asset class demanding institutional-grade analytics. For traders and investors tracking the tokenization of traditional finance, Token Terminal's expanded RWA dashboard now provides on-chain performance metrics, deployment velocity, and protocol revenue data across a broader universe of real-world asset protocols than previously available. This integration matters now because regulatory clarity around tokenized securities is improving in both the US and EU, unlocking fresh capital flows into RWA tokens and DeFi protocols built to support them. Watch for Token Terminal's RWA analytics expansion to attract increased institutional usage and potentially drive further protocol listings as Backpack, Anchored, and xStocks compete for market share in the fast-growing asset tokenization sector. Token Terminal's expansion into RWAs highlights the growing integration of traditional finance with blockchain, potentially reshaping asset trading. Token Terminal adds 145 new RWA deployments from Backpack, Anchored, and xStocks.

Backpack US appoints Multicoin capital co-founder Kyle Samani to board. Samani is a crypto industry veteran whose appointment reinforces Backpack's strategy to bridge regulated markets with decentralized financial networks. September 02, 2026 09:30 ET | Source: Backpack SAN FRANCISCO, Sept. 02, 2026 (GLOBE NEWSWIRE) - Backpack, a global financial institution bridging crypto with traditional financial markets, today announced the appointment of crypto venture capitalist Kyle Samani to its board of directors. Best known as the co-founder of renowned VC firm Multicoin and an early investor in Solana, Samani has been a prominent and trusted voice on decentralized finance, blockchain infrastructure, and the evolution of global capital markets. "Kyle's deep experience in building and shaping decentralized financial networks, paired with his longstanding advocacy for clear, workable rules for the crypto industry, makes him an ideal addition to our board," said Armani Ferrante, CEO of Backpack. "Kyle shares our conviction and excitement about the opportunity that blockchain-based finance presents, and his keen understanding of what we are building makes him a natural advocate and advisor for Backpack." Samani is an advocate for thoughtful regulation of crypto, strengthening consumer and investor protections while enabling true innovations of blockchain, directly in line with Backpack's compliance-first, blockchain native, and user-centric strategy. Samani is also a leading voice on the convergence of traditional finance and decentralized markets, driving discussion on the migration of institutional products onto high performing and decentralized blockchains. "The future of global capital markets isn't DeFi vs. Trad-Fi, it's integrating the best of both: institutional risk-controls with on-chain efficiency and transparency," said Kyle Samani. "I've been impressed with what Backpack is building since day one. Armani and his team will fundamentally change what we think we know about our global economy." Samani's board appointment comes in tandem with continued momentum for Backpack following its launch of the world's first 24/7 trading for real U.S. equities - including SpaceX, Micron, SanDisk, and, most recently, SK Hynix - and a growing suite of tokenized equities. Samani joins an esteemed group of financial professionals with expertise across the crypto and regulatory landscape on Backpack's board, including Dr. Michael S. Piwowar's appointment earlier this summer. As Backpack accelerates its U.S. expansion, it has made a number of leadership and board appointments to solidify the company's position as it establishes the regulated financial infrastructure to bridge traditional and digital assets. About Backpack Backpack is a crypto-native global financial institution bridging on-chain with traditional financial markets. Designed for both crypto-native and TradFi investors, Backpack aims to usher in the next generation of finance with unparalleled accessibility, utility, and compliance. The Backpack group includes a fully regulated global crypto exchange, a self-custodial wallet, as well as Backpack Securities, which combines a regulated brokerage with a complementary tokenization platform to provide investors with access to real equity ownership and blockchain-native distribution of publicly traded securities together within a single product experience. Backpack currently serves users from over 150 countries and regions with more than $450 billion in trading volume. For more information visit https://backpack.exchange/ or @Backpack on X. Press contact: [email protected]

Backpack exchange launches four equity perpetuals and real US shares as cross-asset collateral. Backpack launched MU-PERP, SNDK-PERP, SPY-PERP, and QQQ-PERP on September 1, with real Micron and SanDisk shares accepted as cross-asset margin collateral. Backpack launched four equity perpetual futures markets on September 1 alongside a cross-asset collateral system that accepts real Micron and SanDisk shares as margin. The combination of a licensed brokerage holding actual stock shares and a 24/7 derivatives exchange on Solana SOL$99.20-2.8% addresses a gap that traditional brokerages and pure-crypto exchanges have each left open. Keep up to date with the Solana eco The new markets are MU-PERP, SNDK-PERP, SPY-PERP, and QQQ-PERP, per Backpack's official announcement. They track Micron Technology (Nasdaq: MU), SanDisk Corporation (Nasdaq: SNDK), the SPYx..., and the QQQx... without conveying ownership, shareholder rights, or dividend entitlements. Four new markets: specs and mechanics. All four contracts share the same core parameters: Max Leverage Funding Interval Settlement Trading Hours Minimum trade size is 0.001 contracts for MU-PERP and SNDK-PERP, and 0.01 contracts for SPY-PERP and QQQ-PERP, with a $0.01 tick size across all four markets. Pricing uses a mark price mechanism deliberately decoupled from the last traded price, to reduce single-trade liquidation risk, as Backpack's equity perpetuals explainer describes. The hourly funding interval is shorter than the eight-hour window standard on most crypto perpetuals exchanges. More frequent resets keep the contract price closer to the reference equity price, which matters most during the roughly 17 hours per weekday when US equity markets are closed. When the underlying exchange is not open, the mark price is maintained within a band around the last close, with funding pulling it back toward the reference when markets reopen on the next session. The equity collateral system. The more structurally significant part of the September 1 launch is what Backpack calls unified portfolio margin. Users who hold real MU... or SanDisk shares through Backpack Securities, the exchange's regulated brokerage arm, can now deploy those holdings in three ways: as margin for perpetual futures positions, as collateral to borrow USD, or to trade spot on margin. The shares are held as security entitlements by the licensed broker. They do not convert into tokenized representations to cross into the trading account. Only MU and SNDK are eligible as collateral at launch. Both are among Backpack's highest-volume equity listings. In Q2 2026, Backpack Securities held 95% of cumulative on-chain volume for Micron and led six of nine shared tokenized stocks against xStocks, making them a natural choice for the first collateral-enabled assets. The Micron holder base on Solana has grown steadily since the July equity launch: from 229 holders in late June to 1,906 on September 1 per Solana Compass data, the day the collateral feature went live. SanDisk holds 968 holders as of the same date. These are the wallets that now have access to the cross-asset margin system. Trading crypto against stock collateral: the infrastructure gap. A traditional brokerage account accepts your equity portfolio as margin, but it will not give you access to 24/7 crypto derivatives. A crypto exchange provides that round-the-clock derivatives infrastructure, but it will not accept stock certificates as collateral; it requires stablecoins or crypto assets. Backpack's account sits at the intersection of both requirements. Stock positions are held as real security entitlements under a licensed broker framework, not wrapped tokens. The crypto and derivatives infrastructure runs on Solana, enabling execution any hour of any day. A user can deploy MU shares to margin a BTC position or an SPY perpetual without any asset conversion step in between. The practical comparison worth drawing is to Kraken Pro, which enabled xStocks (tokenized representations of equities) as margin collateral in June 2026. That model converts equities into on-chain tokens first, then uses those tokens as collateral. Backpack's approach keeps the underlying shares in the brokerage layer and makes the cross-margin account read both the brokerage and the exchange simultaneously, a different structural arrangement even if the surface result looks similar. How Backpack's real-stock collateral compares to coinbase and hyperliquid. Equity perpetuals are not new on Solana or across the broader crypto market. Phoenix Trade listed approximately 29 equity perp markets as of late August 2026. Coinbase has offered equity perpetual futures for non-US eligible traders since earlier in 2026. Hyperliquid operates one of the largest perp venues by notional volume globally, though as a decentralized order book it has no brokerage layer to accept real stock certificates. Backpack's edge comes from the combination: a licensed brokerage holding real shares, a 24/7 derivatives venue on Solana, and a unified margin account that treats brokerage and exchange positions as a single collateral pool. From 24/7 spot trading to perpetuals: Backpack's equity arc on Solana. This launch extends the milestone Backpack reached in July 2026, when it opened the first 24/7 market for real US equities for international investors, allowing them to buy, hold, and sell actual US securities around the clock. That launch introduced spot holding of real shares. September 1 adds the derivatives layer and the collateral bridge on top, with SPCX..., Micron, SanDisk, and the Roundhill Memory ETF ($DRAM) among the equities Backpack and its partner SunriseDeFi have listed on Solana to date. Armani Ferrante, the CEO of Backpack, co-created Anchor, the smart contract framework that underpins the majority of programs deployed on Solana. The exchange recorded $1.06 billion in July 2026 monthly volume as its equity and derivatives product lines have expanded through the year. Product and service availability for both the new perpetuals and the equity collateral feature varies by jurisdiction, per the official announcement.