Kamino and Backpack Securities Expand Credit for Tokenized U.S. Equities
Business Wire•04/11/2026•08:30 ET
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Key Highlights
- ➤Tokenized equities now serve as USDC collateral in Kamino’s Backpack Market
- ➤Kamino held around $50 million in tokenized equities as collateral as of October 2026
- ➤Backpack tokenized stocks recorded over $7 billion in cumulative onchain trading volume
- ➤Backpack tokenized stocks attracted more than 590,000 holders since June 2026
- ➤Eligible holders can borrow without selling shares, but face liquidation risk
Expert Statements
Michael Weisz, CEO of Kamino
“Owning a stock shouldn’t mean you have to sell it”
Michael Weisz, CEO of Kamino
“Backpack Securities built its model around 1:1 backing and redemption, and Kamino gives those assets a credit market with transparent onchain risk parameters.”
Michael Weisz, CEO of Kamino
“As more of the U.S. equity market moves onchain, we expect borrowing against tokenized shares to become one of the primary ways holders use them.”
Armani Ferrante, CEO of Backpack
“Investors around the world want access to U.S. equities on their own terms, and ownership should carry the same utility onchain that it does in a brokerage account.”
Armani Ferrante, CEO of Backpack
“Backpack Securities is designed to preserve real ownership while making shares portable across Solana.”
Armani Ferrante, CEO of Backpack
“Kamino’s infrastructure for tokenized equities made it the natural venue, and integrating there gives our holders access to credit against the tokenized shares they already hold.”
Kamino and Backpack Securities Expand Credit for Tokenized U.S. Equities
Eligible holders of Backpack Securities’ tokenized stocks can now borrow USDC on Kamino without selling their shares.
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