Backpack US Taps Solana Investor Kyle Samani for Board Seat

Backpack US has appointed Kyle Samani, an early investor in Solana and cofounder of Multicoin Capital, to its board of directors. This move is part of the company's expansion into regulated financial services in the United States.

Samani stepped back from managing Multicoin in February but retained an advisory role with the firm. He also remains chairman of Forward Industries, a publicly traded company that has adopted a Solana treasury strategy to increase its exposure to SOL and expand its SOL holdings per share.

Backpack US says Samani's appointment will support its expansion across regulated U.S. and onchain financial markets. The company already reports serving users across 150 countries and processing over $450 billion in volume.