Solana Investor Kyle Samani Joins Backpack US Board

Backpack US has appointed Kyle Samani to its board of directors. Samani is the co-founder of Multicoin Capital and an early investor in Solana. He stepped back from managing Multicoin in February but retained an advisory relationship with the firm.

Samani's appointment comes as Backpack expands its regulated financial services in the United States. The company has already processed over $450 billion in volume and serves users across 150 countries, according to its announcement.

Samani brings significant experience to the board, having cofounded Multicoin Capital in 2017 and helping establish it as an early institutional investor in Solana. He also remains chairman of Forward Industries, a publicly traded company pursuing a Solana treasury strategy.