@Backpack's next tokenized-stock listings are visible on-chain before they launch. Every stock it tokenizes starts as one instruction on one program, 4tDsauqt…, and the mint exists the same minute. That program has registered 1,143 tickers since May; 16 have ever been issued. The precedent is GoPro. Registered Sep 1 at 01:00 UTC, issued and pooled the same day, $21.3M and 268,000 swaps in its first week, more swaps than any other Backpack stock. Fourteen tickers have been registered since GoPro and none has supply: Bonk Inc., Astrotech, Palatin, Beyond Meat, 1-800-Flowers, Jack in the Box, Hertz, Krispy Kreme, Laser Photonics, Luminar, ZeroStack, a neocloud ETF, and both Robinhood Ventures funds. Everything with a listed market cap is under $1B, three are under $25M, and @RobinhoodApp's Chain tokenizes none of them.