Most โstock tokensโ online arenโt ownership. Theyโre IOUs from unregulated platforms with no way to redeem the actual share.
Backpack is different.
Itโs a self-custody wallet, a regulated exchange, and a brokerage in one account. You hold the keys. You trade spot and perps. And when you buy a stock, itโs a real security โ the same legal ownership youโd get at a traditional broker.
Want it onchain? Move it to Solana as a token. Want the real share back? Redeem anytime. The asset itself.
Stocks and crypto in the same account, with the same collateral. Markets close on Wall Street. Your account doesnโt. And every day they publish proof of reserves, so youโre not just trusting a name, youโre seeing the numbers.
Made a short video on it.โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
@Backpack@tristan My entry