Backpack Onchain
@BackpackOnchain
Securities, Markets, and DeFi. From wallet to rails.
Powered by @Backpack
39 Following 12.8K Followers
Backpack, the Engine for Internet Capital Markets and Tokenization.
A thesis piece on how the United States is in the process of exporting its capital markets in the same way the dollar was tokenized with stablecoins and distributed over the Internet.
Show more
Issued by Backpack Securities, $CRWV is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for CoreWeave shares
▸ Transferable to traditional brokerages
CoreWeave is an AI cloud company providing high-performance computing infrastructure and cloud services for AI workloads.
Show more
Issued by Backpack Securities, $ARM is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for Arm Holdings shares
▸ Transferable to traditional brokerages
Arm designs and licenses CPU architectures and compute platforms used across smartphones, data centers and other devices.
Show more
.@KyleSamani on Cointelegraph, on tokenization and the shift to crypto-native markets.
“The tokenization cycle does continue… All of the structural tailwinds are there.
And I think you’re going to see an explosion of social trading and just new, more sophisticated ways to trade, all built on top of crypto rails.”
Tokenized stocks. Solana. Crypto-native trading apps.
Build on Backpack 🎒
Show more
The best part about @Backpack's stock token model is that any brokerage user can mint and redeem the tokens themselves.
This makes it much easier for anyone to run the arb between shares/tokens and bring inventory onchain when needed to keep prices in line.
Went into how this works in the recent tokenized stocks report 🙏
Show more
Issued by Backpack Securities, $IONQ is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for IonQ shares
▸ Transferable to traditional brokerages
IonQ is a quantum platform company developing solutions across quantum computing, networking, sensing and security.
Show more
Official $COPX token address: CzLTZppPdZtTjyq3WGpHLstoc3GLhu7zH5Zg6xUa6Gv5
Verify before you trade.
Issued by Backpack Securities, $COPX is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for Global X Copper Miners ETF shares
▸ Transferable to traditional brokerages
The Global X Copper Miners ETF tracks an index of copper mining companies.
Show more
Issued by Backpack Securities, $URA is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for Global X Uranium ETF shares
▸ Transferable to traditional brokerages
The Global X Uranium ETF tracks an index of companies involved in uranium mining and the production of nuclear components.
Show more
Stocks on Solana with @Backpack 🆘
Bringing traditional finance onchain takes fast, low-cost settlement and 1:1 redeemable assets.
In @blockworksres's Sept 3–16 MU sample, measured all-in costs were:
▸ $1–$100 trades: Backpack Securities on @Solana: 0.12% vs Robinhood Chain: 5.42%
▸ $100–$1k trades: 1.6 bps vs 43.7 bps
Measured against the MU stock midpoint, including embedded DEX fees and actual network charges.
Solana for the network. Backpack Securities for 1:1 redeemable tokenized stocks.
Show more
INSIGHT: Over 213K unique addresses now hold @Backpack issued assets.
Recognition is turning into adoption across the @Solana ecosystem and among onchain traders.
1:1 redeemability matters.
DEX trading volume for tokenized stocks issued by Backpack increased by $193.3M versus the prior 7-day period, more than for any other issuer
Coinbase followed with a $106.1M increase, while st0x added $38.6M
Show more
Issued by Backpack Securities, $BB is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for BlackBerry shares
▸ Transferable to traditional brokerages
BlackBerry is a software company developing embedded systems and secure communications products for automakers and governments.
Fiscal Q2 earnings on Sept 24, before market open.
Show more
“Refreshingly simple,” so should your onchain UX 🎒
Also on @arc, natively.
Issued by Backpack Securities, $CYPH is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for Cypherpunk Technologies shares
▸ Transferable to traditional brokerages
Cypherpunk Technologies is a privacy technology company implementing a digital asset treasury strategy focused on Zcash $ZEC.
Show more
Build meme markets on Backpack tokenized stocks 🎒
Hold memes. Stack RWAs.
Launch coins paired with 49 RWAs from @Backpack on StonkFun.
Issued by Backpack Securities, $FWDI is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for Forward Industries shares
▸ Transferable to traditional brokerages
@FWDind is the world’s leading Solana treasury company, accelerating the growth and adoption of the Solana ecosystem.
Show more
Issued by Backpack Securities, $AMD is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for AMD shares
▸ Transferable to traditional brokerages
AMD is a semiconductor company developing processors and AI accelerators for data centers, PCs and gaming.
Show more
.@Backpack's two-way conversion between tokens and stocks matters even more when paired with @solana’s scalable, continually improving execution stack.
In our Aug 27 to Sep 9 SPCX sample, $100–$1k trades averaged 2.7 bps in measured all-in costs for Backpack on Solana versus 34.7 bps on Robinhood Chain, including embedded DEX fees and network charges.
For $1–$100 trades, the gap was even more dramatic: 0.11% on Solana versus 4.29% on Robinhood Chain.
The bigger opportunity is making onchain finance economical for retail users worldwide and institutional flows at scale. Building that infrastructure and liquidity takes time, and Solana has a multiyear head start.
Show more
