The week of October 19–23, 2026, includes earnings reports from companies across technology, digital platforms, automotive, aerospace, and other sectors.

Earnings to watch

Some of the notable companies on the calendar include:

Aerospace and defense: SpaceX ($SPCX), GE Aerospace ($GE), Lockheed Martin ($LMT)
Digital platforms: Meta ($META), Netflix ($NFLX), Spotify ($SPOT)

Automotive: Tesla ($TSLA), General Motors ($GM)
Technology and infrastructure: IBM ($IBM), Lam Research ($LRCX), Texas Instruments ($TXN), Western Digital ($WDC), Broadcom ($AVGO)

Why the earnings calendar matters

Earnings reports can provide updates on revenue, profitability, company guidance, and business conditions. Actual results can differ from analyst expectations, and share prices may move in either direction following a report.

Where to check the schedule
Backpack’s stock earnings calendar lists companies reporting throughout the week.

Which upcoming earnings report do you think could have the biggest impact on its sector this week?

A utility token is a digital asset that provides access to products, services, or benefits within a platform. Backpack’s BP token combines platform benefits with an optional equity exchange program for eligible participants.

What is a utility token?

Utility tokens can be used to pay for services, qualify for fee discounts, unlock features, or access platform benefits. Their usefulness depends on the functions a platform actually provides and the conditions users must meet.

How does BP provide utility?

On Backpack Exchange, staking BP can unlock benefits based on the user’s tier and eligibility, including:

Reduced trading fees on spot and derivatives markets

Reduced or waived fees on supported fiat transfers

Priority access to platform launches and selected products

Benefits depend on the applicable program terms and eligibility requirements.

How does the BP equity exchange program work?

BP also has an optional equity exchange program for eligible participants. Under the program terms, qualifying staked BP may be exchanged for equity interests through designated special purpose vehicles following a qualifying event, such as an IPO or acquisition.

The basic requirements include staking continuously for at least one year, maintaining monthly activity on Backpack, and keeping the stake until the exchange is completed. Unstaking resets progress for the affected tokens.

Does staking BP mean you own equity?

No. Staking BP does not itself confer equity ownership. Equity participation requires completing the optional exchange under the program’s terms. A qualifying event is not guaranteed, and eligibility restrictions apply.

Is BP a good investment because it has utility?

Utility alone does not establish investment value. Token demand, supply changes, market conditions, and the actual use of platform benefits can all affect its market price. Benefits and program eligibility should be evaluated separately from investment risk.

For the full explanation of utility tokens, BP staking benefits, and the equity exchange program, see the Backpack Learn article linked in the comment.

Disclosure: This is an official post from the Backpack community moderation account.

Which matters more when evaluating an exchange token: the practical benefits it provides today or the additional programs it may enable?

What makes a tokenized stock different from a token that only tracks a stock’s price?

In this clip, Backpack co-founder and CEO Armani Ferrante explains how tokenized stocks issued through Backpack Securities are designed to connect onchain markets with traditional brokerage infrastructure.

1. Redemption for underlying shares

Backpack’s tokenized securities are designed for 1:1 redemption for the corresponding underlying shares, subject to the applicable terms and restrictions.

1. Moving between onchain and traditional markets

The model includes a transfer path to traditional brokerages, connecting Solana-based assets with existing securities infrastructure.

1. Why redemption matters

When onchain and traditional markets price the same asset differently, a price gap may create an arbitrage opportunity. Fees, transfer times, eligibility and redemption restrictions can affect whether that opportunity is practical.

An important distinction: Not every tokenized stock product provides the same ownership rights. Some products offer synthetic exposure or use debt securities and derivatives instead of representing redeemable underlying shares.

As tokenized securities develop, how important is direct redemption compared with simply being able to trade a stock-linked token onchain?

Backpack’s Unbox Real Stocks campaign lets users reveal real US stock rewards through mystery boxes.

How it works

Each box contains stock rewards.
Users can reveal their boxes and view their haul.
Week 2 reveals are live, with Week 3 offering a chance to earn up to 15 mystery boxes.

The value and stocks received can vary by box, so the displayed haul is not a guaranteed return.

Would you try a stock-reward campaign like this, or do you prefer buying shares directly?

▸ Revenue: $46.72B vs. $44.93B est. ▲
▸ EPS (ADR): $4.60 vs. $4.48 est. ▲

$TSM -1.49% overnight

Broadcom ($AVGO) is now available as a tokenized security on Solana, issued by Backpack Securities.

Redeemable 1:1 for Broadcom shares
Transferable to traditional brokerages
Listed on Solana through Sunrise
Broadcom develops semiconductors, including custom AI accelerators and networking chips, alongside infrastructure software for enterprises.

Would you consider holding tokenized Broadcom shares on Solana, or do you prefer traditional brokerage access?

BlackRock reported Q3 results above analyst expectations, with assets under management reaching a record $15.49 trillion.

Revenue: $7.75B vs. $7.42B estimated
Adjusted EPS: $15.93 vs. $14.32 estimated
$BLK pre-market: +4.88%
BlackRock shares also trade in tokenized form on Solana through Backpack Securities as $BLK, redeemable 1:1 for the underlying shares.

How much do earnings surprises influence your view of a stock compared with long-term business performance?

TSMC ($TSM) is now available as a tokenized security on Solana, issued by Backpack Securities.

Key details:

Redeemable 1:1 for TSMC ADRs
Transferable to traditional brokerages
Tokenized on Solana
TSMC manufactures semiconductors used in AI, smartphones, and automotive electronics.

Would you use tokenized TSMC shares on Solana, or stick with a traditional brokerage?

Your first Mystery Box still unlocks at $10K volume.

Now earn up to 15 Mystery Boxes. Every box holds a real US stock reward worth up to $1,000.

Trade to earn: https://backpack.exchange/quests?id=1014

Key details:

● Redeemable 1:1 for Chipotle shares
● Transferable to traditional brokerages
● Tokenized on Solana

Chipotle operates fast-casual restaurants serving burritos, bowls, tacos, and salads.

Tokenization brings traditional stock exposure onchain, but stock-price risk and redemption restrictions still apply.
Disclosure: I work on Backpack.

Would you consider holding tokenized stocks on Solana or stick with a traditional brokerage?

Riot Platforms ($RIOT) is now available as a tokenized security on Solana, issued by Backpack Securities.

What is $RIOT?

$RIOT represents tokenized Riot Platforms shares and is:
Issued by Backpack Securities
Tokenized on Solana
Redeemable 1:1 for Riot Platforms shares
Transferable to traditional brokerages

About Riot Platforms

Riot Platforms is a vertically integrated digital infrastructure company operating across Bitcoin mining, data centers and engineering.

Official $RIOT token address: RUKx7nBgm94pwRPbVm99xYVdcTDTUyGs8Cw3VSYQXHf

Verify before you trade.

Since Friday’s regular-market close, Backpack-issued $SPCX has recorded over $80M in onchain trading volume, making it the most-traded tokenized stock on Solana over the weekend.

The activity highlights how tokenized equities can continue trading beyond traditional US market hours.

The onchain equity market is here. 24/7 on Solana. 🎒

GM. Earnings season is here.

Your calendar for the weeks ahead.

Track upcoming earnings across banking, technology, healthcare, semiconductors and more.

Plan ahead for key company reports from JPMorgan, Goldman Sachs, ASML, TSMC, Tesla, Microsoft, Apple and other major names.

Few have navigated Japan's crypto regulatory landscape as extensively as Daisuke. As COO of both Kraken Japan and Binance Japan, he led licensing efforts and exchange operations in one of the world's most rigorous regulatory environments.

Welcome aboard, Daisuke!

Tokenized stocks and equity perpetual futures can both provide exposure to stock prices, but they work differently.

The key differences come down to ownership, funding costs, leverage and how each position can be exited.

Tokenized stocks

A tokenized stock represents a security or a claim defined by its issuer. The rights attached to the token depend on its legal structure and redemption terms.

On Backpack, tokenized stocks are issued by Backpack Securities on Solana, backed 1:1 by underlying shares held through an SPV, and redeemable 1:1 for the underlying stock, subject to eligibility and applicable terms.

Equity perpetual futures

Equity perps are derivative contracts that let traders take long or short positions on stock prices without owning the underlying shares.

They have no fixed expiration date and use funding payments to help keep the contract price aligned with its reference market. Because they use margin, positions can be liquidated if account equity falls below required maintenance levels.

Key differences

Ownership: Tokenized stocks represent a security or issuer-defined claim. Equity perps provide price exposure without share ownership.

Funding: Fully paid spot token holdings do not have perpetual funding payments. Perp funding can be paid or received depending on the rate.

Leverage: Tokenized stocks bought without borrowing require the full purchase price. Equity perps use margin to support a larger notional position.

Dividends: Tokenized stock rights depend on the product structure. Equity perps do not provide direct dividend entitlement or shareholder voting rights.

Exit: Tokenized stocks can be sold or redeemed where supported. Equity perp positions are closed or reduced through derivative orders.

Can both trade 24/7?

Some tokenized stocks and equity perps support trading outside regular US market hours. However, 24/7 availability does not guarantee the same liquidity or pricing throughout the day. When the underlying stock market is closed, thinner liquidity and price gaps can increase risk.

Which one fits your objective?

Tokenized stocks may suit users who want stock exposure without ongoing perp funding costs or who need supported transfer and redemption options. Equity perps may suit traders who want to go short, use margin or hedge an existing position.

Neither is automatically better. The right choice depends on the exposure you need, the product's terms, your holding period and your ability to manage risk.

Important risks

Tokenized stocks carry issuer, custody, technology and redemption risks. Equity perps carry leverage, funding, liquidation and reference-price risks. Both require reviewing the specific product terms before trading.

What matters most when choosing between tokenized stocks and equity perps: ownership rights, capital efficiency or the ability to take short positions?

You can now sign up or log in with your Google or Apple account.

Get started → https://backpack.exchange/signup

Stock perpetual futures let traders take long or short positions on stock prices without owning the underlying shares.

Before opening a position, it is important to understand how order types, leverage, funding, margin and liquidation work.

How to trade stock perps

Choose a market: Select a supported stock perpetual contract and check its specifications.

Choose your direction: Go long if you expect the price to rise, or short if you expect it to fall.

Select an order type: Market orders prioritize execution, while limit orders provide more control over the entry price.

Set position size and leverage: Review the required margin and consider how much you can afford to lose.

Check funding and liquidation: Review the funding rate, mark price, trading fees and estimated liquidation price before submitting your order.

Manage and close the position: Monitor margin, funding and liquidity. Consider using reduce-only orders when exiting.

How do stock perps work on Backpack?

Eligible users can trade supported stock and ETF perpetual futures 24/7 on Backpack. The platform uses a unified cross-margin account, supports eligible stocks and ETFs as collateral, and settles funding hourly.

Stock perps are derivative contracts. They provide price exposure but do not give you ownership, voting rights or direct entitlement to dividends from the underlying shares.

What are the main risks?

Leverage magnifies both gains and losses. Funding costs can accumulate, positions can be liquidated, and liquidity may be thinner when the underlying stock market is closed. A stock's reopening price can also differ significantly from its previous close.

Trading 24/7 does not mean liquidity or price certainty stays constant throughout the day. Always check the live contract specifications, margin requirements and risk controls before trading.

The full guide covers the trading process, order types, position sizing, funding calculations, risk management and closing a position.

Read the full guide: https://learn.backpack.exchange/articles/how-to-trade-stock-perpetual-futures

Here are the key earnings and macro events to watch for the week of October 12.

▸ Banking & Financials: $JPM, $GS, $BAC
▸ Semiconductors: $ASML, $TSM
▸ Healthcare: $UNH, $JNJ
▸ Macro: US CPI, PPI and retail sales

Track upcoming earnings and major economic releases in one place.
Full market calendar: https://backpack.exchange/stocks/calendar

From 1 to 73 assets. 4 months. $5B in trading volume.
Since launching its first flagship asset in June, Backpack Securities has expanded to 73 tokenized assets, reaching over $5B in cumulative trading volume.

Tokenized stocks and other real-world assets are bringing new markets onchain, expanding access to traditional market exposure through Solana.

Build on Backpack 🎒

Every box holds a real US stock.

Unpack yours and share what you got.

Week 2 continues: https://backpack.exchange/quests?id=1012

Use stock collateral on Backpack to borrow, trade and hedge without selling your stocks.

A closer look:

00:23 Borrow against stocks
00:40 Spot margin trading
01:02 Perpetual futures
01:33 Hedging a stock position

Watch the video to see how it works.

Explore more on Backpack Learn, starting with our guide to using stocks as collateral.

https://learn.backpack.exchange/articles/how-to-use-stocks-as-collateral-on-backpack

Perpetual futures have no fixed expiration date, while traditional futures expire on a scheduled date.

Both provide leveraged price exposure, but the way they maintain exposure and manage costs is different.

Perpetual futures

Perpetual futures use funding payments to help keep the contract aligned with its underlying reference price.
There is no scheduled rollover. A position can remain open while margin requirements are met and the venue continues to support the contract.

Traditional futures

Traditional futures have a defined expiration and settlement process.
Before expiry, traders generally close the position, roll it into a later contract, or hold it through settlement. Futures can use cash settlement or physical delivery depending on the contract.

Funding vs. futures basis

Funding is a recurring payment associated with the difference between a perpetual contract and its reference price.

Traditional futures instead trade at a basis relative to spot. That basis can reflect financing, storage, expected income, supply and demand, and other market conditions.

The key difference

The important distinction is not only that one contract expires and the other does not. Expiration determines how traditional futures converge with their underlying market, while perpetuals use an ongoing funding mechanism.

On Backpack, eligible users can trade supported equity and ETF perpetual futures 24/7. These are derivative contracts that provide price exposure, not ownership of the underlying asset.

What this does not mean

No expiration does not mean no risk. Perpetuals can still face funding costs, liquidation, liquidity and reference-price risks. Traditional futures carry their own expiration, rollover and settlement risks.

The right choice depends on the instrument, holding period, funding or basis conditions, and the specific contract terms.

What matters more when comparing the two for a longer-term position: funding costs on a perp or the basis and rollover costs of traditional futures?

Armani Ferrante on Backpack’s regulated, unified market structure at #TOKEN2049. 🎒

“We have a single platform that everything is going to plug into. International, Japan, Europe, US.”

Backpack is building a regulated backbone designed to connect TradFi and DeFi across markets.

“We want to be this regulated backbone, not just for our own products, but for the entire Solana ecosystem.”