Next: bringing the entire stock market to Solana. One API connecting brokerage and DeFi. 1:1 in-kind redeemable.

Let’s build the best brokerage in the world

Vibhu explains how @Backpack lets users turn tokenized stocks back into actual shares "Backpack is a full brokerage, so it's one-to-one. They seed liquidity, and if demand outweighs the supply onchain, they progressively buy more shares on the brokerage side and mint them onchain." "And you can redeem your tokenized equity for the actual share itself. They built an equity bridge that works on both sides. I can take my equity from my brokerage and move it onchain, or take it off, and it remains equity the entire time."

Friday stats on $PUSA are mind blowing: - TradFi volume was ~$8m. - Of that TradFi volume, 37.5% of it happened through @Backpack's brokerage. - On @solana, volume eclipsed TradFi, totalling ~$12m through Backpack Securities assets. The future of finance is here.

NEW: @Backpack SECURITIES-ISSUED $BLK, TOKENIZED BLACKROCK, GOES LIVE ON @solana VIA @sunrise NOW ON @Raydium, WITH $BLK PAIRS SUPPORTED BY @LaunchOnSF AND @Pumpfun

Backpack-issued $PUSA hits $11.6M in trading volume on @Solana in its first 12 hours. That’s an estimated 1.4× Friday’s dollar turnover and 3× its daily average in traditional U.S. stock markets.

We're now live on Solana. $PUSA is our common stock onchain, redeemable one to one for the Nasdaq-listed share, trading nights, weekends and holidays.

AI for discovery, tokenization for access lfg @Backpack

Backpack — the regulated backbone of the Solana economy

Backpack Wallet now supports Solana v1 transactions. More can happen in a single transaction: more complex routes, more efficient execution and greater programmability across tokenized stock markets and DeFi apps. Build on Solana. Build on Backpack 🎒

Dropping 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.

He wrote Anchor. Then he built Backpack. @armaniferrante has shaped how Solana gets built and how it gets used, and with Backpack's brokerage and tokenized stocks, he's showing what happens when Wall Street's assets live on Internet Capital Markets.