
Securities, Markets, and DeFi. From wallet to rails. Powered by @Backpack
Joined November 2024
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“What Circle is to stablecoins, Backpack is to securities.”
@ArmaniFerrante explains Backpack's tokenization vision in 43 seconds.
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
Official $MNST token address: MNSTy46haEN7sEaeXAWBXG6zHaRikCvqf3krAEDzxr2
Verify before you trade.
Backpack-issued tokenized equities are now live on @jtx_trade.
Trade 1:1 redeemable tokenized equities with live pricing and a full equities data experience.
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.
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-…
Official $SPY token address: SPYBo66VJPFjh1pXMb9Le53kDYWTK1zzYVDeVRWtsbi
Verify before you trade.
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
























