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Backpack expands tokenized stocks on Solana, adding 20 new equities with 24/7 trading

Backpack is expanding tokenized equities on Solana, recently adding 20 stocks (BA, COST, DELL, etc.) tradable 24/7, redeemable 1:1 for underlying shares, and integrable with DeFi. CEO Armani Ferrante outlined plans to scale toward thousands via APIs.

LJ
1 Source, 4h ago, first seen 4h ago

TLDR

Tokenized equities represent innovation bridging traditional finance and decentralized markets, potentially democratizing stock access, enabling around-the-clock trading, and creating new liquidity layers. The development is timely amid traditional market volatility and reflects broader shifts toward interoperable global financial infrastructure.

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6.3K

1 Source, first seen 4h ago

112 likes18 comments24 saves28 reposts
Featured Source

Combined views

6.3K

1 Source, first seen 4h ago

112 likes18 comments24 saves28 reposts

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Sentiment

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1 Source

@LoganJastremskiDropping a podcast with @armaniferrante, Founder and CEO of @Backpack, on tokenized stocks and the future of global capital markets. Tokenizing a stock is only one piece. The bigger opportunity is connecting it to the liquidity and price discovery that already exist in public markets. Armani explains why redeemability matters, why Backpack chose the licensed path, and how the team is trying to build one global liquidity layer. We also get into Backpack's own BP token, a potential IPO, and the equity-conversion option Armani describes for contributing token holders. In this conversation we discuss - The different types of tokenized stocks - How redeemability connects Solana with traditional stock markets - Licensing and one global order book - Hyperliquid, Kraken, and regulated derivatives - Competing with the largest exchanges - The BP token, growth milestones, and optional equity conversion Timestamps 00:00 Highlights 01:26 Armani Ferrante and Backpack 03:18 Why tokenized equities matter 13:05 The different models for tokenized stocks 19:33 Backpack's approach to tokenized stocks 28:58 Backpack's place in the market 31:47 Why Backpack chose the licensed path 35:25 One global liquidity layer 40:00 Hyperliquid, Kraken and derivatives 49:29 Competing with the incumbents 53:47 Why a token launch is a starting point 1:00:04 Backpack's three allocation buckets 1:02:31 The treasury lockup and a potential IPO 1:07:07 The option to convert BP tokens into equity Enjoy.
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    1 Source

    @LoganJastremskiDropping a podcast with @armaniferrante, Founder and CEO of @Backpack, on tokenized stocks and the future of global capital markets. Tokenizing a stock is only one piece. The bigger opportunity is connecting it to the liquidity and price discovery that already exist in public markets. Armani explains why redeemability matters, why Backpack chose the licensed path, and how the team is trying to build one global liquidity layer. We also get into Backpack's own BP token, a potential IPO, and the equity-conversion option Armani describes for contributing token holders. In this conversation we discuss - The different types of tokenized stocks - How redeemability connects Solana with traditional stock markets - Licensing and one global order book - Hyperliquid, Kraken, and regulated derivatives - Competing with the largest exchanges - The BP token, growth milestones, and optional equity conversion Timestamps 00:00 Highlights 01:26 Armani Ferrante and Backpack 03:18 Why tokenized equities matter 13:05 The different models for tokenized stocks 19:33 Backpack's approach to tokenized stocks 28:58 Backpack's place in the market 31:47 Why Backpack chose the licensed path 35:25 One global liquidity layer 40:00 Hyperliquid, Kraken and derivatives 49:29 Competing with the incumbents 53:47 Why a token launch is a starting point 1:00:04 Backpack's three allocation buckets 1:02:31 The treasury lockup and a potential IPO 1:07:07 The option to convert BP tokens into equity Enjoy.
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