# Backpack and Superstate Team Up to Launch IPOs on Solana

*Author: Jack Inabinet*
*Published: Mar 4, 2026*
*Source: https://www.bankless.com/read/news/backpack-and-superstate-team-up-to-launch-ipos-on-solana*

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Backpack, the crypto exchange founded by former FTX employees, and Superstate, the crypto-native tokenization platform founded by Compound founder Robert Leshner, are partnering to bring real stock IPOs to Solana. 

### What's the Scoop?
- **Onchain IPOs:** Backpack exchange is partnering with Superstate to bring real stock initial public offerings (IPOs) to the Solana network. According to an post from Backpack CEO Armani Ferrante, his exchange [intends](https://x.com/armaniferrante/status/2020863914918158535) to become a stop on the traditional IPO "roadshow," allowing users to get access to early stock opportunities before trading commences.
- **Potential Synergies:** Backpack's Ferrante [confirmed](https://x.com/armaniferrante/status/2020863914918158535) last month that his exchange intends to IPO in the United States. It is foreseeable that a tokenized Backpack stock offering will be the first to launch under its new partnership with Superstate. Ferrante has also [alluded](https://x.com/armaniferrante/status/2029183867664613616) to potential Backpack token utility in its IPO markets.
- **Tokenization Experts:** As an SEC-registered transfer agent, Superstate can legally issue actual tokenized securities on Solana and Ethereum through its "Opening Bell" platform. In this capacity, Superstate is required to enforce mandated AML/KYC policies and track shareholder rights.
- **Waitlist Available: **Although an exact launch timeline is unclear, interested individuals can now [register](https://backpack.exchange/ipo-access) for the Backpack IPO waitlist. 

> IPOs. Onchain.Get IPO share allocations directly on Backpack, enabled by our infrastructure partner [@SuperstateInc](https://twitter.com/SuperstateInc?ref_src=twsrc%5Etfw).Real shares. Direct ownership. On [@solana](https://twitter.com/solana?ref_src=twsrc%5Etfw).Join the waitlist: [https://t.co/vwJMaZcG1r](https://t.co/vwJMaZcG1r) [pic.twitter.com/iIwwXz2Uuw](https://t.co/iIwwXz2Uuw)— Backpack 🎒 (@Backpack) [March 4, 2026](https://twitter.com/Backpack/status/2029179987467644965?ref_src=twsrc%5Etfw)