Backpack US appoints Solana investor Kyle Samani
Sep 03, 2026
Backpack US appointed Multicoin Capital cofounder Kyle Samani to its board of directors on Sept. 2 as the company expands its regulated financial services in the United States.
Samani brings Solana and venture capital experience
Samani cofounded Multicoin Capital in 2017 and helped establish the firm as an early institutional investor in Solana. Multicoin has also backed projects focused on decentralized finance, blockchain infrastructure, and crypto trading.
Whether he would be excluded from decisions involving Multicoin portfolio companies.
Backpack US focuses on regulated financial products
Backpack describes itself as a financial services group connecting crypto markets with traditional finance. Its products include a crypto exchange, a self-custody wallet, and Backpack Securities.
Equity trading supports Backpack’s broader strategy
Backpack said Samani’s appointment followed the launch of continuous trading for several equity products. It named SpaceX, Micron, SanDisk and SK Hynix among the assets available through its services.
Board appointments support Backpack’s U.S. expansion
Samani joins a board that also includes former acting SEC chairman Michael Piwowar, whom Backpack appointed earlier in 2026. The appointments add venture capital, public company and securities regulation experience to Backpack’s governance structure.
The next relevant updates will involve Backpack’s U.S. registrations, customer eligibility rules and product structure. Further disclosures may clarify which entities handle securities execution, custody and token issuance.
