backpackexchange

Backpack Exchange, a Singapore-headquartered crypto exchange, is exploring new financing at a $1 billion pre-money valuation. The company, led by Solana developer Armani Ferrante and former FTX executive Tristan Yver, aims to raise $50 million, potentially more. They've already raised $17 million in a Series A round and obtained several licenses.

_The exchange plans to go public in the US, expand its banking, payments, and securities infrastructure, and has a token distribution plan to prevent founders and investors from profiting before the public offering._

#cryptocurrency #backpackexchange #cryptotrading #initialpublicoffering #IPO

🚨 NOW: Backpack Exchange — Former FTX Team Making Moves
💰 Founded by ex-FTX employees, Backpack Exchange is in talks to raise $50 million at a 1 billion pre-money valuation, according to Axios.

🔐 The platform is also unveiling tokenization plans, signaling a strategic push into digital asset innovation and exchange-linked tokens.

Why this matters:

· Shows continued venture interest in credible crypto infrastructure
· Highlights the evolution of exchanges post-FTX toward transparency and new product layers
· Could bring fresh momentum to the tokenization narrative

Watch this space — the team’s experience and new funding could drive notable developments in 2025. 🚀

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$NKN $ACA $ZRO
#Crypto #BackpackExchange #Funding #Tokenization #BreakingNews

$1 BILLION VALUATION! THEY'RE BACK.

Backpack Exchange, founded by ex-FTX/Alameda minds, is securing massive funding. Sources confirm negotiations are underway for a new round. Pre-money valuation is soaring to $1 BILLION. This is not a drill. The next wave is here. Don't get left behind. Get in now.

Disclaimer: This is not financial advice.

#Crypto #BackpackExchange #Funding #FOMO 🚀