Security at Backpack

Backpack ·5d ago

Job description

The full description lives on the employer’s site. Open the listing.

Culture: “Ship relentlessly” – a fast-paced, engineering-driven environment with a flat hierarchy and high ownership. Described as a place where you can “create your role” and have a direct impact.
Remote/Hybrid policy: Remote-first with some on-site offices (San Francisco). Many roles are fully remote, but some require in-office presence (e.g., San Francisco).
Notable perks: Not explicitly listed, but the company offers the chance to work on cutting-edge blockchain and fintech infrastructure, with a global team spanning 23 countries.
Engineering culture: Heavy use of Rust, React, React Native, and blockchain technologies. Emphasis on compliance, security, and performance.

Primary industry: Cryptocurrency exchange, digital asset wallet, fintech / securities infrastructure
Target customers: B2C (retail crypto traders and investors) and B2B (institutional partners via tokenization infrastructure)
Mission or purpose: “Capital should work as one and move seamlessly across asset types and markets.” – Backpack is building a unified platform where traditional and digital assets coexist.

[Backpack Exchange]: A fully regulated global cryptocurrency exchange offering spot and derivative trading with over $447 billion in cumulative trading volume. Serves users from 150+ countries.
[Backpack Wallet & Browser Extension]: A self-custodial wallet and browser extension for managing and transacting crypto assets across Solana, Ethereum, and other blockchains.
[Backpack Securities]: Launched June 2026 – a regulated brokerage platform that provides real equity ownership in U.S. stocks and a tokenization infrastructure to convert securities between traditional and blockchain-based formats. Tokenized securities are available 24/7 on Solana in partnership with Sunrise.

Valuation: Not disclosed (private)
Key Metric: Total funding raised – conflicting reports: $17M (Series A led by Placeholder, Feb 2024) per builtin.com, or $37M total per CBInsights. Also acquired FTX EU for $32.7M in Jan 2025.
Notable Investors/Partners: Placeholder (lead), Hashed, Amber Group, Wintermute Ventures, Selini Capital, and 9+ other investors.
Growth Signals:
- 1 million+ users
- Headcount growth of +49.2% YoY (63 employees per LinkedIn, 86 per builtin.com)
- Launched Backpack Securities in June 2026, bridging traditional and digital asset markets
- Expanding into yield, derivatives, payments, and prediction markets

Regulatory-first approach: Fully compliant exchange with licenses in multiple jurisdictions, including the acquisition of FTX EU for European market access.
Self-custodial wallet: Users retain control of their private keys while accessing exchange liquidity.
Unified platform: Only player combining a regulated brokerage (real stock ownership) with tokenization infrastructure, allowing seamless conversion between traditional securities and blockchain tokens.
Strong engineering culture: Heavy use of Rust for systems and infrastructure, React Native for mobile, and a focus on shipping rapidly.

Bridging traditional and digital assets: Backpack Securities is the centerpiece – offering real equity ownership alongside tokenized securities to create a single portfolio experience.
Global expansion: Already operating in 23+ countries, with plans to deepen presence in the U.S., UAE, Europe, and Asia.
Product diversification: Moving beyond spot crypto into yield products, derivatives, payments, and prediction markets.

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