Kamino and Backpack Securities Expand Credit for Tokenized U.S. Equities
Kamino and Backpack Securities announced that Backpack's tokenized U.S. equities are now live as collateral in the Backpack Market on Kamino, letting eligible holders borrow USDC against 1:1-backed tokenized shares without selling. The market launches with Micron, SK Hynix, SpaceX and SanDisk tokenized stocks, with risk parameters set by market manager Allez Labs; Kamino reported roughly $50 million in tokenized equities supplied as collateral as of October 2026.
Key figures
- Backpack holders
- 590000
- Kamino loans originated
- $20 billion
- Kamino cumulative volume
- $650 billion
- Cumulative onchain trading volume
- $7 billion
- Tokenized equities collateral usd
- 50000000
AI analysis
Red flags2 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.