Backpack Launches On-Chain IPO Access — What It Means For Exchange Users

Solana-based exchange Backpack now offers retail investors direct IPO share allocations on-chain, bypassing traditional brokerages, through infrastructure partner Superstate. Backpack is known for managing fee-free FTX creditor claims and acquiring FTX EU’s assets to restore licensed trading in Europe. Why it matters: Retail investors gain access to pre-listing IPO allocations previously reserved for institutional buyers, opening a new equity entry point. Backpack’s compliance-first model, not a decentralized exchange (DEX), is what legally enables this product, CEO Armani Ferrante said source: https://beincrypto.com/backpack-launches-on-chain-ipo-access-what-it-means-for-exchange-users/