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Securities, Markets, and DeFi. From wallet to rails. Powered by @Backpack

Joined November 2024
Photo by Backpack Onchain (@BackpackOnchain)Photo by Backpack Onchain (@BackpackOnchain)Photo by Backpack Onchain (@BackpackOnchain)Photo by Backpack Onchain (@BackpackOnchain)Photo by Backpack Onchain (@BackpackOnchain)Photo by Backpack Onchain (@BackpackOnchain)Photo by Backpack Onchain (@BackpackOnchain)Photo by Backpack Onchain (@BackpackOnchain)Photo by Backpack Onchain (@BackpackOnchain)Photo by Backpack Onchain (@BackpackOnchain)
“What Circle is to stablecoins, Backpack is to securities.” @ArmaniFerrante explains Backpack's tokenization vision in 43 seconds.
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Backpack Onchain retweeted
Armani Ferrante, CEO of Backpack, on opening up the entire global stock market on Solana "Right now we have a set of symbols on Solana. It’s not just about those symbols. I want everything you can access in a brokerage app accessible from a self custodial wallet. Not just the US stock market. Japan, Hong Kong, Korea, and have everything onchain. That’s the thing I’m most excited about.” @armaniferrante @therollupco
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Backpack Onchain retweeted
BREAKING: @Backpack's tokenized stocks now have more than 600,000 holders on @Solana.
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Issued by Backpack Securities, $MNST is now listed on @Solana with @Sunrise. ▸ Redeemable 1:1 for Monster Beverage shares ▸ Transferable to traditional brokerages
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Official $MNST token address: MNSTy46haEN7sEaeXAWBXG6zHaRikCvqf3krAEDzxr2 Verify before you trade.
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Backpack Onchain retweeted
Equities, built for equity traders. Coming to JTX tomorrow.
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Onchain equity markets are here.
BREAKING: $657M in tokenized stocks traded on Solana on Monday. More than double any other day since September. @Backpack Securities made up $598M of it.
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Backpack Onchain retweeted
BREAKING: $657 million in tokenized stocks traded on @Solana on Monday, more than double any other day since September. @Backpack-issued stocks made up $598 million of it.
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We are aware of fraudulent airdrop promotions claiming to distribute tokenized stocks issued by Backpack Securities. These promotions are not associated with Backpack Securities. Scammers may use genuine token addresses to appear legitimate. We encourage users to exercise caution with unsolicited links and wallet connection requests. For the official list of tokenized securities and their canonical addresses, please visit: backpack.exchange/tokenized-…
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Issued by Backpack Securities, $SPY is now listed on @Solana with @Sunrise. ▸ Redeemable 1:1 for underlying ETF shares ▸ Transferable to traditional brokerages
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Official $SPY token address: SPYBo66VJPFjh1pXMb9Le53kDYWTK1zzYVDeVRWtsbi Verify before you trade.
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Backpack Onchain retweeted
Happy Halloween 🎃🎒
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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
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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
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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.
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Issued by Backpack Securities, $ICE is now listed on @Solana with @Sunrise. ▸ Redeemable 1:1 for Intercontinental Exchange shares ▸ Transferable to traditional brokerages
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Official $ICE token address: CEQnejxG1FPzMS6UiLbcxNiMKrZM3x6GTZucpJoSeByy Verify before you trade.
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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
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.
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