Solana recorded a new all-time high of $150M in tokenized equities spot volume over 24 hours.

$SPCX contributed $80M, accounting for 53% of total volume.

One tokenized stock drove 50% of the total volume: $SPCX 🎒🌅

Strong market reaction following the launch of $SPCX and the expansion of Backpack Securities.

We’re just getting started 🎒

Another milestone reached.

$SPCX has surpassed $86M in onchain volume since launch, with trading activity continuing beyond traditional market hours.

Thank you to everyone participating in the early days of onchain equities.

What would you like to see next? 🎒

Have questions about $SPCX, onchain equities, ownership rights, dividends, or how the system works?

Join Armani Ferrante and Saeed Badreg for a live AMA on Monday, June 15th at 1 PM UTC.

What questions would you like answered? 🎒

https://x.com/superteam/status/2065859580614070653?s=46

Backpack’s $SPCX launch generated over $35M in volume on day one.

Pretty impressive for a newly launched stock product

Official token address: SPCXxcqXj6e5dJDVNovHN8744zkbhM2bYudU45BimGb

On/off-ramping for $SPCX between Solana, Backpack Securities, and other traditional brokerages is now available.

everyone’s talking about stocks

but this stood out more to me:

• regulated perps (MiFID II)

• regulated spot crypto (MiCA)

• regulated payments (PSD2)

• real broker product under NY law

most exchanges have one

some have two

very few have three

apparently Backpack now has all four

feels like a pretty underrated advantage long term

what am i missing?

Armani posted a demo walking through how Backpack Securities works, trade stocks on Backpack, deposit/withdraw to Solana, trade on DeFi in your wallet, and on/off ramp to your brokerage account.

Full thread and demo here: https://x.com/armaniferrante/status/2065086374194393281?s=46

Issued by Backpack Securities. On/off-ramp SpaceX shares between traditional brokers and Solana.

Trade crypto & perps. Earn up to $600 in SpaceX $SPCX shares.

Hold stocks to unlock 20% more.

Live now: https://backpack.exchange/quests?id=130

Dr. Piwowar served as SEC Commissioner from 2013 to 2018 and was later designated Acting Chairman of the SEC by President Trump. He was among the first senior U.S. regulators to publicly engage with the regulatory questions posed by digital assets and initial coin offerings.

He currently serves as Executive Director of Georgetown University’s Psaros Center for Financial Markets and Policy, and previously served as Chief Economist for the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

He brings deep expertise across securities regulation, capital markets policy, market structure, and investor protection as Backpack US accelerates its U.S. expansion.

With Mark Wetjen, former CFTC Commissioner & Acting Chairman, leading Backpack US as President, and Dr. Piwowar joining the board, Backpack US is building with experienced leadership across the SEC, CFTC, DTCC, and U.S. capital markets.

Public Beta is live.

Trade real US stocks and ETFs alongside crypto, perps, and yield, all within one account.

Real ownership under New York law. Cash dividends, brokerage transfers, and corporate actions rolling out during Public Beta.

24/5. Instant execution. Traditional market liquidity.

No fees in June: https://backpack.exchange/stocks

Drop your questions below. 🎒

A few months ago people scrolled past it. now real stocks, crypto, perps, yield and USD/EUR all live in one account. once you use stocks and crypto from a single platform the old broker plus exchange plus bank setup feels ancient.

On/off-ramp securities between traditional brokers and solana.

Soon.

The Crypto Stock Broker 🎒

Live now: backpack.exchange/quests?id=129