Backpack

Backpack is a cryptocurrency company founded in 2022 by former FTX and Alameda Research employees, including Armani Ferrante and Can Sun. The company offers a suite of products, notably the Backpack Wallet and Backpack Exchange. The Backpack Wallet is a self-custodial crypto wallet supporting multiple blockchains such as Solana, Ethereum, and others, enabling users to manage, stake, and trade various crypto assets and NFTs. The Backpack Exchange provides a platform for trading spot, margin, and futures markets from a unified cross-margined account, emphasizing security and regulatory compliance. In October 2025, Backpack expanded its offerings by integrating SEC-registered U.S. equities into its platform through a partnership with Superstate, allowing non-U.S. users to trade tokenized shares of public companies directly on-chain. Additionally, Backpack developed the Mad Lads NFT collection and introduced executable non-fungible tokens (xNFTs) on Solana, enhancing user interaction with decentralized applications. The company has secured significant funding, including a $17 million Series A round in February 2024, and has obtained regulatory licenses such as the Dubai Virtual Assets Regulatory Authority (VARA) license and the MiFID II license through the acquisition of FTX EU, positioning itself as a compliant and innovative player in the crypto and web3 ecosystem.