Backpack US appoints Solana investor Kyle Samani

Backpack US appointed Multicoin Capital cofounder Kyle Samani to its board of directors on Sept. 2 as the company expands its regulated financial services in the United States. Summary Backpack US appointed Multicoin Capital cofounder Kyle Samani to its board of directors on Wednesday. Samani stepped back from Multicoin in February while retaining an advisory relationship with the firm. He remains chairman of Forward Industries, a publicly traded company pursuing a Solana treasury strategy. Backpack says the appointment will support its expansion across regulated U.S. and onchain financial markets. Backpack reports serving users across 150 countries and processing more than $450 billion in volume. Samani is an early Solana investor and a longtime supporter of blockchain based capital markets. He stepped back from managing Multicoin Capital in February 2026 but retained an advisory relationship with the venture firm. The appointment gives Samani a governance role at Backpack US rather than an executive position. Backpack did not disclose his term, compensation, committee assignments or specific responsibilities. Backpack CEO Armani Ferrante said Samani’s experience with decentralize...