Securities, Markets, and DeFi. From wallet to rails. Powered by @Backpack
Joined November 2024
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Next: bringing the entire stock market to Solana.
One API connecting brokerage and DeFi. 1:1 in-kind redeemable.
Armani Ferrante, CEO of Backpack, on what comes next for tokenized stocks.
"Not 10 stocks, not 100 stocks. We want to bring the entire stock market to Solana. One API where a real share, by any definition of the term, moves back and forth between your brokerage account and DeFi. Going from 200 symbols to 10,000 is the next leap."
@armaniferrante @Backpack
Issued by Backpack Securities, $META is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for Meta Platforms shares
▸ Transferable to traditional brokerages
Meta operates Facebook, Instagram and WhatsApp, primarily generating revenue from advertising while developing AI, smart glasses and virtual reality products.
Official $META token address: METAaH6MMZZgy2CTEJq3QdNi7AFVTV3NxHFBfFgLEDd
Verify before you trade.
Official $TSLA token address: TSLAqBbv4CNCnzWFeB7LmydAyEiNMJtve7DYKLpdK4S
Verify before you trade.
Official $ABNB token address: ABNB56TteaTZG1S3DY2W8VMncQmHMvNCGaZgAba49CLP
Verify before you trade.
Official $CHWY token address: CHWYHz2zfKajomqPV9it26n7vu7AgZZfqGHXCWtGWuJg
Verify before you trade.
Distribution compounds 🧱🧱🧱
Tokenized stock holder growth was led by @Backpack this past 7 days, as they added over 54,000 holders.
Via @tokenterminal.
Backpack Onchain retweeted
.@Backpack led tokenized stock holder growth over the past 24 hours, adding 16.3K holders.
Via @tokenterminal
Issued by Backpack Securities, $UVXY is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for ProShares Ultra VIX Short-Term Futures ETF shares
▸ Transferable to traditional brokerages
The ProShares Ultra VIX Short-Term Futures ETF seeks 1.5x the daily performance of the S&P 500 VIX Short-Term Futures Index, before fees and expenses.
Official $UVXY token address: UVXY4ojmAMTaPwUmrRmcuxWHjMHCbz3BxX2RBMzjYKx
Verify before you trade.
Backpack Onchain retweeted
TSMC reports Q3 earnings, with record net profit up 69% year over year.
▸ Revenue: $46.72B vs. $44.93B est. ▲
▸ EPS (ADR): $4.60 vs. $4.48 est. ▲
$TSM -1.49% overnight
Issued by Backpack Securities, $AVGO is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for Broadcom shares
▸ Transferable to traditional brokerages
Broadcom designs and supplies semiconductors, including custom AI accelerators and networking chips, and develops infrastructure software for enterprises.
Official $AVGO token address: AVGoo4BQGsEfAmu4HU2deZTaTmLoqB3q3EzKXqAANGYD
Verify before you trade.
Backpack Onchain retweeted
[Speaker Announcement]
Tokenized Nike, AMD, DraftKings and Hertz shares all trade on Solana now, issued by Backpack Securities.
@armaniferrante, founder and CEO of @Backpack, joins us at Breakpoint in London, 15-17 November.
New demand. New distribution. U.S. capital markets, onchain.
Our new Blockworks dashboard for Backpack is live.
Over the past 7 days, onchain volume in Backpack-issued DJT was equivalent to roughly 14% of its TradFi counterpart’s volume. PTN was around 7% and RACE 6.5%.
These are already material numbers relative to the traditional markets for those stocks.
Clear evidence that onchain trading is already reaching material volumes relative to these stocks’ traditional markets. This is why I’m bullish on @solana × @Backpack × @sunrise building a serious market for tokenized equities.
