Crypto Balloon

Backpack’s Tokenized-Securities Pitch Hinges on Redemption and Shareholder Rights

In a notice published on November 12, 2026, Odaily reported that a Backpack Securities product description says its tokenized securities are issued on Solana and can be redeemed 1:1 for the underlying shares on the Backpack trading platform. The description claims minting and redemption take seconds and carry no fees.

The description also says holding ANT represents securities rights established through U.S. securities infrastructure, including participation in dividends and corporate actions and the ability to transfer holdings through a broker. Separately, Odaily reported that Anthropic had applied to list Class A common stock on the Nasdaq Global Select Market under the ticker ANT and began a roadshow on November 10.

The distinction matters: an application is not a completed listing, and the notice reports the product’s redemption and rights claims without independently verifying how they work in practice.

Original source: Odaily, November 12, 2026, 00:33 UTC+8.