Register for a Backpack account if you havenβt! Opinions are my own. π
Joined November 2021
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Ngoc π retweeted
Welcome back to Backpack π
New look. One extra Mystery Box for eligible returning traders.
Trade $10K. Unlock 2 boxes. Stock rewards up to $1,000 per box.
Unpack Real Stocks β backpack.exchange/quests?id=β¦
Wall Street was closed. Tokenized stocks weren't.
Everything's in your Backpack π
Wall Street was closed. Tokenized stocks weren't.
Over the weekend, @sunrise and @Backpack listings out-traded every other tokenized stock issuer across all chains, including Coinbase and Robinhood.
$150M+ traded on RWAF member @solana while US markets were closed.
Data: @Blockworks
Ngoc π retweeted
The tokenized stock wars are heating up β but @Backpack is focusing on delivering the best price for users
CEO @armaniferrante highlighted new @Blockworks data that showed ~40x better execution vs. stocks on Robinhood chain:
"The endgame is to tokenize the entire stock market"
Ngoc π retweeted
Tokenized stocks added 18.2K holders in the past 24 hours, and half went to @Backpack π
@Backpack +9.1Kβ¨@RobinhoodApp +4.0Kβ¨@binance +1.7Kβ¨@PreStocks +1.6Kβ¨@coinbase +970β¨@Ondo +828
Data: @tokenterminal
Itβs insane that bank deposits in Vietnam are paying nearly 10% a year, while borrowers pay ~15%.
Meanwhile, my investment strategy is returning ~5%
At this point, the hardest part of investing is not losing money. Itβs watching what you couldβve made doing absolutely nothing π
I just played this game, and it was a quiet reminder of how many different lives could have been ours.
In this version, I was Mustafa Mansour, born in Sudan, living an ordinary life as a teacher, raising three children, and living to 72.
Itβs fascinating to think about how much of our lives is shaped by things we never get to choose: where weβre born, the circumstances we grow up in, and the world around us
If you have time, give it a try π
Ngoc π retweeted
.@Backpack added the most tokenized stock holders over the past 7 days, adding 56,800.
Via @tokenterminal.
Ngoc π retweeted
Unpack Real Stocks π
Trade on Backpack to earn Mystery Boxes.
Every box holds a real US stock reward worth up to $1,000.
Earn your first box at $50K volume.
Ngoc π retweeted
Rates are making headlines. Now they're easier to follow & trade.
Introducing the Rates dashboard on Backpack.
Monitor live yields, inflation, the debasement trade, and the events moving markets.
Explore Rates. Trade US Treasury ETFs β backpack.exchange/stocks/ratβ¦
Ngoc π retweeted
The world doesn't have equal access to financial markets. Crypto fixes that.
I sat down with @armaniferrante, founder of Backpack and Mad Lads, to explore how regulated finance moves onchain, why tokenized equities could give everyone access to U.S. stocks, and how crypto becomes the global API for finance. As ever, please enjoy!
Ngoc π retweeted
Backpack is the Tether of stocks. 4% of the float, 64% of the volume. solana:BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy
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.
Ngoc π retweeted
Launch tokens paired with tokenized stocks from @BackpackOnchain. π
Pick any asset. Pair it. Launch it.
Now anyone can build new markets around Backpack-issued stocks on @solana, directly on Meteora.
Ngoc π retweeted
To all developers building stocks on @solana, the @Backpack Securities mint + redeem is open access.
Transform a bona fide security entitlement to and from a token with a single API call.
Docs here docs.backpack.exchange/
STOCKLANA
The stock market is open for building.
One week to build something innovative with stocks on Solana. $100K in prizes.
Sept 11 - 18, opening bell to closing bell:
hackathons.solana.com/hackatβ¦