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Sep 26, 2026

Backpack CEO plans to bring 10,000 tokenized stocks to Solana

Backpack CEO Armani Ferrante announced plans to expand tokenized stock access on Solana from approximately 200 symbols to 10,000, enabling shares to move between traditional brokerage accounts and decentralized finance platforms.

Sep 26, 2026·2 sources

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Top claims

▪Backpack draws a distinction between traditional brokerage holdings and their tokenized forms, stating that brokerage holders receive cash dividends and corporate actions through traditional securities infrastructure.
▪The U.S. Securities and Exchange Commission warned in a January 2026 staff statement that third-party tokenized securities may not grant holders the same rights as the underlying traditional securities.
▪Backpack handles corporate actions for tokenized securities through proportional changes to token balances to preserve the economic value of the underlying holding.

Topics

Smart contract platforms Tokenization Tokenized securities Blockchain interoperability DeFi