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, $CMG is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for Chipotle Mexican Grill shares
▸ Transferable to traditional brokerages
Chipotle Mexican Grill operates fast-casual restaurants serving burritos, bowls, quesadillas, tacos and salads.
$748M of tokenised stocks traded on @Solana DEXs across September weekends, beating its previous ATH (@tokenterminal)
This past weekend, $SPCX alone did $80M+
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Issued by Backpack Securities, $RIOT is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for Riot Platforms shares
▸ Transferable to traditional brokerages
Riot Platforms is a vertically integrated digital infrastructure company operating across Bitcoin mining, data centers and engineering.
Since Friday’s regular-market close, Backpack-issued $SPCX has recorded over $80M in onchain trading volume, making it the most-traded tokenized stock on Solana over the weekend.
The onchain equity market is here. 24/7 on @Solana.
Armani Ferrante, CEO of @Backpack, on why Solana is becoming the aggregation layer for everything
“Solana has always been marching towards something much bigger than any single exchange. You could call it an API for all of finance, or a parallel economy and financial system. But I think the end state is Solana as the aggregation layer for everything."
"It’s all about importing market structure. Not just crypto-native assets, but the entire economy, because the network effect is money.”
@armaniferrante@KyleSamani
Tokenized stock holder growth by issuer, past 24 hours 📈
@Backpack led with +16.4K new holders, more than 3x the next issuer, followed by @xStocksFi (+4.6K) and Binance bStocks (+3.1K).
@RobinhoodApp (+1.4K) and @coinbase (+949) round out the top 5.
Data via @tokenterminal
Big milestone for @Backpack Securities: the cumulative trading volume across its tokenized assets has officially surpassed $5B.
Since launching its first flagship asset in June, Backpack Securities has expanded to 73 tokenized assets in just 4 months, covering a growing range of real-world exposures.
The pace is hard to ignore, and it highlights just how quickly tokenization is scaling on Solana.
Data powered by @birdeye_data.
Backpack-issued $RACE went live on @Solana at the U.S. market close yesterday.
Before the market reopens, it has recorded over $30M in onchain trading volume.
Issued by Backpack Securities, $RACE is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for Ferrari shares
▸ Transferable to traditional brokerages
Ferrari designs, engineers and produces luxury performance sports cars, with additional activities across racing and lifestyle.