Backpack Launches 24/7 US Equity Trading for International Investors

Summary

Backpack CEO Armani Ferrante discusses the launch of 24/7 US equity trading for international investors. He explains that the brokerage holds real shares, not synthetic derivatives, enabling around-the-clock trading. Ferrante draws a parallel to stablecoins and predicts tokenized stocks will follow the same global adoption path, asserting US capital market dominance.

• Backpack launches 24/7 trading of US equities for international investors, with symbols like SpaceX, Micron Technology, and SanDisk.
• The brokerage holds actual shares, not derivatives, avoiding the pitfalls of cash-settled tokenized products.
• Users can bridge between traditional securities and tokenized versions on Solana for portfolio margining and reduced funding costs.
• CEO Armani Ferrante expects tokenized stocks to follow the stablecoin adoption model, bringing US capital markets to global users.
• Stablecoins have already made Circle and Tether among the largest holders of US Treasuries, extending dollar dominance.
• Ferrante sees crypto as the future of finance, merging real-time risk management, global access, and US capital markets on chain.