Backpack US Bolsters Board with Multicoin Capital Co-Founder Kyle Samani

Backpack US has added significant firepower to its boardroom with the appointment of Kyle Samani, co-founder of Multicoin Capital. Samani joins the company's board of directors after making his largest angel investment in Backpack earlier this year. This strategic hire follows his decision to step back from active roles at Multicoin Capital, freeing him up for exactly this kind of involvement.

The appointment comes roughly two months after Samani made a significant personal investment in the firm in July 2026. CEO Armani Ferrante pointed to Samani's expertise in DeFi and regulatory affairs as a key reason for the appointment. For a platform trying to operate a compliance-first framework while enabling on-chain tokenization, those are not exactly niche skills.

This isn't Backpack's first strategic hire this year. In March 2026, the company brought on Mark Wetjen, a former Commissioner of the Commodity Futures Trading Commission (CFTC), as President of Backpack US.