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Backpack US Appoints Multicoin Co-Founder Kyle Samani to Board

Backpack US Appoints Multicoin Co-Founder Kyle Samani to Board

A co-founder's new role

Samani is a co-founder of Multicoin Capital, a firm that has been a notable name in the crypto investment space. His addition to the board brings a perspective from the decentralized finance world into a company that operates in the regulated equity trading arena.

The appointment is a board-level move, meaning Samani will have a say in the company's strategic direction. It's a role that often carries weight in shaping how a firm navigates its market.

Bridging DeFi and regulated trading

The appointment signals a strategic push towards integrating DeFi expertise with regulated equity trading. DeFi, or decentralized finance, refers to financial services built on blockchain technology that operate without traditional intermediaries. Regulated equity trading, on the other hand, involves the buying and selling of stocks under the oversight of financial regulators.

These two areas have historically operated in separate lanes. DeFi