Backpack CEO Armani Ferrante announced plans to increase tokenized stock availability on the Solana blockchain from about 200 to 10,000 stock symbols. This expansion aims to enable seamless movement of real shares between traditional brokerage accounts and decentralized finance (DeFi) platforms through a single API. Currently, Backpack allows eligible users to convert certain brokerage holdings into Solana tokens and back, supporting dividends and corporate actions. While no launch date or specific stock list was given, this move could significantly broaden access to the stock market via blockchain technology, subject to regulatory compliance under the SEC's new tokenized stock trading exemption.
Backpack CEO Armani Ferrante's plan to expand tokenized stocks on Solana comes as 33 of 50 major cryptocurrencies on Pluang rose today. For readers following crypto markets, here is Pluang's snapshot as of Sep 26, 2026 17:21 WIB: FIL (Filecoin) gained 5.31% to Rp19.298 with a typical hold time of 99 days and a 57% buy order activity; AAVE (Aave) rose 5.24% to Rp2.744.544 with 73% buy orders and a 105-day hold; ONE (Harmony) fell 5.17% to Rp43 with 55% sell orders and a 152-day hold.
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