Rates are making headlines. Now they're easier to follow & trade.
Introducing the Rates dashboard on Backpack.
Monitor live yields, inflation, the debasement trade, and the events moving markets.
Explore Rates. Trade US Treasury ETFs → https://t.co/YQu52z8qSh
Backpack’s stock tokens may give holders a stronger claim to the shares behind them.
Holding a stock token does not always give investors the same rights as holding the stock through a broker. Many other stock tokens pay cash when holders redeem.
Backpack lets eligible holders redeem their tokens for a stock position in a Backpack brokerage account with the option to transfer those shares to another brokerage through ACATS and DTCC rails.
That position is a security entitlement, the same legal interest investors hold when they buy stock through a traditional broker.
Backpack’s token is a claim on an entity holding the shares, so the two carry different rights.
Redemption changes what the investor owns while preserving exposure to the stock.
my thoughts on $BP
the Backpack token has already had an insane run, and i don’t think it’s over yet
you have to remember there’s a strong team behind it that actually understands this market
i don’t expect a major dump anytime soon. think we slowly grind toward a new ATH from here
the new dashboard and holder rewards mechanic could give it another strong push higher
https://t.co/RMl0YIp0ai
and smart wallets are still accumulating too