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
Backpack Onchain retweeted
The Backpack Market supports cross-collateral borrowing, so several stocks can back one USDC loan.
- @AllezLabs, the market’s curator, gives each stock its own borrowing limit
- Your loan’s limit is the total across your stocks, so a price rise in any one of them adds to how much you can borrow.
- If the loan reaches its liquidation point, the stock with the lowest liquidation LTV is sold first
This means you can borrow against your @backpackonchain stocks together, in one loan with one borrowing limit
Fastest-growing tokenized stock issuer by holders 🎒
.@Backpack led tokenized stock holder growth over the past 30 days, +224.6K wallets.
@xStocksFi came second with +193.2K, ahead of @binance bStocks, @PreStocks and @RobinhoodApp.
Holders are wallets, not individuals.
Data via @tokenterminal
Backpack Onchain retweeted
Stablecoins were the first hard part. Equities are the second.
@armaniferrante, @Backpack's founder, on why, once equities are on chain, the step to fixed income, private credit and real estate gets small.
Solana is the RWA chain.
Official $ICE token address: CEQnejxG1FPzMS6UiLbcxNiMKrZM3x6GTZucpJoSeByy
Verify before you trade.
Backpack Onchain retweeted
NEW: @Backpack PARTNERS WITH KOREAN BROKER SK SECURITIES
ELIGIBLE USERS CAN TRADE KOREAN STOCKS IN THE BACKPACK APP
DEAL ALSO LAYS GROUNDWORK FOR TOKENIZED SECURITIES AND RWAS
Backpack Onchain retweeted
It’s an honor to partner with SK Securities to bring Korea’s capital markets to Backpack Securities. Tokenization is the most important update to global finance this year. This is it. We’re in the midst of history.
Backpack and SK Securities are partnering to expand global access to Korean equities.
The partnership combines SK Securities’ institutional expertise in Korea’s capital markets with Backpack’s global reach to bring Korean stock trading to eligible investors through the Backpack app.
Building on our existing U.S. securities platform, the partnership also lays the foundation for collaboration in tokenized securities and real-world assets, connecting established capital markets with blockchain-based financial infrastructure.
Another step toward a single globally regulated financial marketplace.
Backpack Onchain retweeted
Backpack and SK Securities are partnering to expand global access to Korean equities.
The partnership combines SK Securities’ institutional expertise in Korea’s capital markets with Backpack’s global reach to bring Korean stock trading to eligible investors through the Backpack app.
Building on our existing U.S. securities platform, the partnership also lays the foundation for collaboration in tokenized securities and real-world assets, connecting established capital markets with blockchain-based financial infrastructure.
Another step toward a single globally regulated financial marketplace.
Backpack Onchain retweeted
Backpack gives users a 1:1 path between an actual brokerage position and a stock token on Solana
Now these tokens can be used as collateral on Kamino to borrow USDC, a great example of the onchain equity stack coming together
Introducing the Backpack Market on Kamino.
Kamino is expanding loans backed by tokenized equity on Solana with @Backpack Securities, bringing 1:1-backed, redeemable tokenized U.S.-listed equities directly into onchain credit markets.
Backpack Onchain retweeted
Borrow lending—the next crucial brick to usher in the next leg of tokenized security growth on @solana by the best in the business @kamino
Introducing the Backpack Market on Kamino.
Kamino is expanding loans backed by tokenized equity on Solana with @Backpack Securities, bringing 1:1-backed, redeemable tokenized U.S.-listed equities directly into onchain credit markets.
Backpack Onchain retweeted
Allez Labs is onboarding @Backpack Securities tokenized equities, as collateral on @Kamino.
The Backpack Market pairs MU, SKHY, SPCX and SNDK collateral with USDC borrowing.
Introducing the Backpack Market on Kamino.
Kamino is expanding loans backed by tokenized equity on Solana with @Backpack Securities, bringing 1:1-backed, redeemable tokenized U.S.-listed equities directly into onchain credit markets.
Backpack Securities connects traditional brokerage positions to @Solana's onchain credit markets through 1:1 redeemable tokenized equities.
The Backpack Market is live on @kamino, curated by @AllezLabs.
Borrow USDC against $SPCX, $MU, $SKHY or $SNDK without selling.
Introducing the Backpack Market on Kamino.
Kamino is expanding loans backed by tokenized equity on Solana with @Backpack Securities, bringing 1:1-backed, redeemable tokenized U.S.-listed equities directly into onchain credit markets.
Explore the Backpack Market: kamino.com/borrow?filterWall…
Official $CAKE token address: CAKEcebDN4vqwAHBgj4ApzBvYCXsLWdsqCfFHNfW6Rui
Verify before you trade.
Backpack-issued tokenized stocks on @Solana are now supported on @CircuitAI.
Build AI-powered portfolios around your investment thesis, with automated rebalancing.
1:1 redeemability meets agentic finance.
Circuit 🤝 Backpack
Excited to partner with @Backpack to support their tokenized stocks on @Solana
Why Backpack? 👇
✅ Redeemable 1:1 for the underlying shares through Backpack Exchange
0️⃣ Zero minting and redemption fees
Describe your thesis in circuit and your agent builds a portfolio with automated rebalancing
Issued by Backpack Securities, $MSFT is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for Microsoft shares
▸ Transferable to traditional brokerages
Microsoft is a technology company developing software, cloud computing and AI solutions, alongside devices and services for individuals and businesses.
Official $MSFT token address: MSFThX899B1DddH5jkyMpdArWXzP85VXLYDrbGGcRJM
Verify before you trade.
Issued by Backpack Securities, $GOOGL is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for Alphabet Class A shares
▸ Transferable to traditional brokerages
Alphabet is Google's parent company, operating Search, YouTube and Google Cloud, with businesses spanning digital advertising, AI and autonomous driving.
Official $GOOGL token address: GooGLMvZtJZXHdNZy95RUrAMCCKxV6ghK3qE5ddBgVm5
Verify before you trade.
