Your neobrokerage. Your exchange. Your money. @BackpackOnchain ο½ @MadLads ο½ $BP
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All stocks & ETFs with corresponding perp markets can now be used as collateral π
βΈ Use real shares as collateral across Backpackβs unified, cross-asset portfolio
βΈ Borrow USD, trade futures, and trade spot on margin
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Backpack π retweeted
Next: bringing the entire stock market to Solana.
One API connecting brokerage and DeFi. 1:1 in-kind redeemable.
Armani Ferrante, CEO of Backpack, on what comes next for tokenized stocks.
"Not 10 stocks, not 100 stocks. We want to bring the entire stock market to Solana. One API where a real share, by any definition of the term, moves back and forth between your brokerage account and DeFi. Going from 200 symbols to 10,000 is the next leap."
@armaniferrante @Backpack
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Cash dividends for stocks and ETFs are now live on Backpack.
Eligible dividends are credited directly to your account π
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Backpack π retweeted
Backpack, the Engine for Internet Capital Markets and Tokenization.
frictionless.capital/articleβ¦
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.
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Do more with your stock portfolio on Backpack.
βΈ Borrow USD against your holdings
βΈ Trade perpetuals and spot on margin using stocks as collateral
βΈ Hedge positions without selling your shares
17 stocks and ETFs supported as collateral today. More coming.
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Trade crypto & all perps. Pick your stock π
Earn up to $1,000 in Meta $META or Alphabet $GOOGL shares.
Live now: backpack.exchange/quests?id=β¦
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ICYMI: Three principles behind solana:BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy tokenomics.
βΈ No founder, team or investor token allocation. Token treasury held by company until post-IPO.
βΈ Growth > dilution. Token unlocks trigger only upon major growth milestones and product expansions.
βΈ Long-term BP stakers can exchange for equity ownership in Backpack.
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JUST IN: Warren Buffett is stepping down as chairman of Berkshire Hathaway after 56 years.
His son, Howard Buffett, has been elected chairman.
$BRK.B shares have risen more than 700% since September 2006.
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Backpack π retweeted
Important step for @Backpack today.
Going forward, every stock/ETF perpetual listing unlocks the underlying spot asset as margin collateral.
- Borrow against your stocks
- Trade against your stocks
- Hedge against your stocks
Real security entitlements, all portfolio margined with your Backpack account in a modern brokerage for the entire stock market.
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All stocks & ETFs with corresponding perp markets can now be used as collateral π
βΈ Use real shares as collateral across Backpackβs unified, cross-asset portfolio
βΈ Borrow USD, trade futures, and trade spot on margin
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JUST IN: Nebius is raising on-demand GPU prices by as much as 21% starting October 1.
$NBIS +4.83% after hours.
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Arc Mainnet is now supported on Backpack Wallet.
βΈ Swap & bridge tokens on @arc
βΈ Explore the Arc DeFi ecosystem
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Trade crypto. Pick your stock π
Earn up to $500 in NVIDIA $NVDA or AMD $AMD shares by trading crypto perps & spot.
Live now: backpack.exchange/quests?id=β¦
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