Securities, Markets, and DeFi. From wallet to rails. Powered by @Backpack
Joined November 2024
- Tweets356
- Following50
- Followers14K
- Likes1.5K
Backpack Onchain retweeted
Backpack gives users a 1:1 path between an actual brokerage position and a stock token on Solana
Now these tokens can be used as collateral on Kamino to borrow USDC, a great example of the onchain equity stack coming together
Introducing the Backpack Market on Kamino.
Kamino is expanding loans backed by tokenized equity on Solana with @Backpack Securities, bringing 1:1-backed, redeemable tokenized U.S.-listed equities directly into onchain credit markets.
Backpack Onchain retweeted
Borrow lending—the next crucial brick to usher in the next leg of tokenized security growth on @solana by the best in the business @kamino
Introducing the Backpack Market on Kamino.
Kamino is expanding loans backed by tokenized equity on Solana with @Backpack Securities, bringing 1:1-backed, redeemable tokenized U.S.-listed equities directly into onchain credit markets.
Backpack Onchain retweeted
Allez Labs is onboarding @Backpack Securities tokenized equities, as collateral on @Kamino.
The Backpack Market pairs MU, SKHY, SPCX and SNDK collateral with USDC borrowing.
Introducing the Backpack Market on Kamino.
Kamino is expanding loans backed by tokenized equity on Solana with @Backpack Securities, bringing 1:1-backed, redeemable tokenized U.S.-listed equities directly into onchain credit markets.
Backpack Onchain retweeted
Sunday is just another market day on Solana
Backpack Securities led all issuers by 24h volume, with $105M+ traded on a Sunday while traditional US markets were closed.
24/7 equity markets, natively on @Solana.
Build on Backpack 🎒
Source: @Birdeye_so
Backpack Onchain retweeted
People sleep on how much liquidity @BackpackOnchain has onchain on the weekend. If news breaks on a Sunday, you can actually do something about it.
Two Sundays ago, $TTWO ripped 12% onchain while the market was closed. A $240 sell limit set on Friday on @Titan_Exchange would've filled into the spike and beaten Monday's open by 12%.
Backpack Securities led all issuers by 24h volume, with $105M+ traded on a Sunday while traditional US markets were closed.
24/7 equity markets, natively on @Solana.
Build on Backpack 🎒
Source: @Birdeye_so
Backpack Onchain retweeted
Across the 9 stocks that all issuers listed, @BackpackOnchain led on all-time turnover rate: its tokens traded 182x their market cap from launch to Oct 21.
Tokens by tokens, Backpack also led turnover rate in 5 out of 9: MRNA, SPCX, NFLX, AMD & SNDK.
More insights in our report 👇
Backpack Onchain retweeted
Backpack started with a world map on an office wall in Chicago.
Today it runs a US broker-dealer issuing real stocks onchain, trading on @solana around the clock.
CEO @armaniferrante: "To build something that would ultimately stand the test of time."
Backpack Onchain retweeted
.@Backpack led tokenized stock holder growth over the past 24 hours, adding 16.3K holders.
Via @tokenterminal
Backpack Onchain retweeted
TSMC reports Q3 earnings, with record net profit up 69% year over year.
▸ Revenue: $46.72B vs. $44.93B est. ▲
▸ EPS (ADR): $4.60 vs. $4.48 est. ▲
$TSM -1.49% overnight
Backpack Onchain retweeted
[Speaker Announcement]
Tokenized Nike, AMD, DraftKings and Hertz shares all trade on Solana now, issued by Backpack Securities.
@armaniferrante, founder and CEO of @Backpack, joins us at Breakpoint in London, 15-17 November.
Backpack Onchain retweeted
$748M of tokenised stocks traded on @Solana DEXs across September weekends, beating its previous ATH (@tokenterminal)
This past weekend, $SPCX alone did $80M+
- Trade stocks 24/7/365 on Kamino Swap
- CEX price comparisons
- Market open indicators
Zero fees, Zero route bias
Backpack Onchain retweeted
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
Backpack Onchain retweeted
🇸🇬 DAS: Backpack CEO Armani Ferrante says when the exchange lists a tokenized stock on Solana, it can do more 24-hour volume than Nasdaq within a day.
Backpack Onchain retweeted
JUST IN: Backpack-issued stocks on Solana surpass 300k holders.
Tokenized stocks can help an onchain business attract more users & change how the market values its growth potential.
Backpack Onchain retweeted
.@Backpack’s latest listing shows why companies are choosing Solana for distribution.
This is not the first time we have seen Stonklana assets with more volume than tradfi exchange.
Companies are reaching thousands of new shareholders through internet capital markets.
