🚨 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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#Crypto #BackpackExchange #Funding #Tokenization #BreakingNews
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