Multicoin Capital Co-founder Joins Backpack US Board

Kyle Samani, co-founder of Multicoin Capital and an early investor in Solana, is joining the board of Backpack US. The crypto exchange announced this itself. Samani stepped back from Multicoin Capital in February 2026 and is currently chairman of Forward Industries, a company that manages a Solana treasury. His appointment at Backpack US is one of the first major steps he has taken in a new role since then.

In brief:

• Kyle Samani becomes a board member of Backpack US.
• He is co-founder of Multicoin Capital and an early investor in Solana.
• Samani stepped back from Multicoin in February 2026 and is chairman of Forward Industries.

Samani focuses on onchain markets and institutional finance

Backpack describes Samani as someone with years of involvement in DeFi, blockchain infrastructure and the development of global capital markets. According to the company, his appointment fits a shared vision: that the future of the global financial sector combines institutional risk management with the efficiency and transparency of onchain markets.

At Multicoin Capital, Samani built a reputation as one of the more outspoken voices in the crypto sector. The fund is known for early and large positions in Solana, which is trading around $100.80 at the time of writing.

Departure from Multicoin and new direction

Earlier this year, Samani stepped back as an active co-founder of Multicoin Capital. He remained involved in the Solana world through his chairmanship of Forward Industries, a company focused on holding Solana as a reserve asset on its balance sheet.

The appointment at Backpack US is his first prominent new role after leaving Multicoin. Backpack operates as a crypto exchange and focuses on the US market. The SEC recently modernised the rules around tokenised securities on blockchain, which further shapes the context for platforms such as Backpack US.