Vibhu explains how Backpack 🎒 lets users turn tokenized stocks back into actual shares "Backpack is a full brokerage, so it's one-to-one. They seed liquidity, and if demand outweighs the supply onchain, they progressively buy more shares on the brokerage side and mint them onchain." "And you can redeem... your tokenized equity for the actual share itself. They built an equity bridge that works on both sides. I can take my equity from my brokerage and move it onchain, or take it off, and it remains equity the entire time."show more

Watch the full interview with @KrutzkyTrades

@Backpack Vibhu is my quant but with mind

@Backpack #backpack 👀

@Backpack wait so you actually get real shares from that?

@Backpack 🐐

@Backpack Who is @vibhu 👀

@Backpack the redeem-for-actual-shares part is what makes this real, not just another synthetic

@Backpack The one to one backing and two way redemption is what makes tokenized equities more than just synthetic exposure

@Backpack The future of tokenized stocks right here. True two-way liquidity.

@Backpack so that's a fancy word for a security you can lose when the bridge gets hacked lol

@Backpack Redemption is what keeps the token honest: if any holder can pull the real share out, the onchain price can't drift far from the listing. The open question is how long settlement takes on the way back.

@Backpack the redemption path is the part most tokenized stock plays skip. one-to-one with actual share backing is what makes it credible

@Backpack Guys, this is the breakthrough of the year! I'm looking forward to the new project on this topic on Solana!🔥

@Backpack Will check it out, curious what he says about USDC being the gas token

@Backpack Wow, that s a clever way to bridge on-chain and traditional markets how does that affect share dilution?

@Backpack damn so its fully backed and redeemable for actual shares that's a solid setup tbh not many tokenized things actually do that

@Backpack 🐻🎒

@Backpack If onchain demand outpaces supply, minting new shares depends on the brokerage actually buying first, so there's a lag between wanting out and real share backing existing

@Backpack This is amazing so what is a good thing coming?

@Backpack Backpack minting shares one-to-one when onchain demand outruns float is the brokerage edge. $EMBER curves already pair into those names, and the airdrop fee sink alone has paid ~$51.5K.

@Backpack tradfi learned teleportation

@Backpack Show us your bag

@Backpack Honestly Backpack has a great utility In fact, the team behind chimp been doing the work too, it in this space visibility matters and the latter doesn’t have that

@Backpack Just a rebadged ADR with extra steps lol