Backpack Discloses Tokenized Securities Redemption Mechanism, Anthropic Files to List on Nasdaq Under ANT

Odaily — Backpack Securities' product documentation states that its tokenized securities are all issued on Solana and can be redeemed 1:1 for the underlying stocks on the Backpack trading platform, with minting and redemption completed within seconds and free of charge. Holding ANT represents securities entitlements formed through U.S. securities infrastructure, allowing participation in dividends and corporate actions, as well as transfer of custody through brokerage channels. Anthropic has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker ANT, and launched its roadshow on November 10.