Kamino Enables Backpack Tokenized Equity Collateral on Solana

Community Trust Score Verified 86 % Real Verified 35 votes Updated 6 minutes ago Kamino has launched a dedicated Backpack Market on Solana, enabling eligible users to post selected Backpack Securities tokenized equities as collateral for USDC borrowing. The initial group of supported tokens references Micron, SK Hynix, SpaceX, and SanDisk. These assets are represented as being backed one-to-one by securities or security entitlements within Backpack’s regulated structure, while lending terms are managed by Kamino’s market mechanism and risk curator Allez Labs. The new market functions as a collateralized loan facility on the Solana blockchain.

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Source: The Currency Analytics