CryoPalmar praises Solana's real stock capabilities on tradingFloor
Summary
In a recent tradingFloor session, @CryoPalmar expressed strong enthusiasm for investing in $BP, stating, "I'm happy to buy at any price here." This comment follows Backpack Securities' recent launch of 20 new tokenized stocks on the Solana blockchain, which has solidified Solana's position as a leader in the tokenization of real-world equities. @CryoPalmar praised the innovative work by Backpack Securities, highlighting the competitive edge of Solana in offering tangible stocks through regulated platforms.
Tokens
$BP$SOL
Analysis
Solana: Solana is a high-performance blockchain network designed for internet capital markets, payments, and decentralized applications. It has positioned itself as a leader in on-chain tokenized equities and real-world assets through partnerships and infrastructure like Backpack securities. The news highlights Solana as the primary chain successfully offering real stocks via tokenization. CryoPalmar: CryoPalmar is an X user and founder of Palmar Consultancy focused on loyalty, retention, and rewards strategy in crypto. He frequently shares high-conviction trading theses and commentary on Solana ecosystem developments. In the news, he appears on tradingFloor discussing his $BP thesis and praising Backpack securities for enabling real stocks on Solana. Backpack securities: Backpack Securities is a regulated US broker-dealer platform that issues tokenized versions of equities and ETFs on Solana, with 1:1 backing by underlying shares held in custody. It enables seamless conversion between traditional securities and on-chain tokens for 24/7 trading and DeFi integration. The news references its role in providing authentic stock tokenization on Solana. Ecosystem Leadership: Solana continues to lead in bringing real-world equities on-chain through regulated tokenization platforms. Tokenized Assets Expansion: Backpack Securities recently added 20 new tokenized stocks on Solana, each redeemable 1:1 for underlying shares.
Categories
crypto
Related sources
- https://x.com/CryoPalmar/status/2055252706185343047
- https://x.com/i/user/512167039
- https://x.com/CryoPalmar/status/2059032211211292877
- https://x.com/CryoPalmar/status/2076191854253506664
- https://solanacompass.com/news
- https://docs.sunrise.xyz/equities/backpack-securities
- https://x.com/CryoPalmar/status/2095846739794186316
- https://x.com/CryoPalmar/status/2070465819033653326
- https://www.fxstreet.com/cryptocurrencies/news/solana-price-forecast-sol-consolidates-as-etf-inflows-and-on-chain-activity-rise-202609150555
- https://x.com/CryoPalmar/status/2074921448531980543
- https://learn.backpack.exchange/blog/20-new-tokenized-stocks-solana
- https://w.twstalker.com/CryoPalmar
- https://x.com/i/user/119025139
- https://x.com/CryoPalmar/status/2073793152280863177
- https://solanacompass.com/news/roundhills-dram-memory-chip-etf-token-goes-live-on-solana-via-backpack-securities-and-sunrisedefi
- https://x.com/CryoPalmar/status/2083134559671988453
- https://www.turnkey.com/blog/solana-defi-trading-2026
- https://beincrypto.com/south-korea-kg-group-solana-digital-asset-payments-network/
- https://x.com/i/user/1440577852978589697
- https://support.backpack.exchange/backpack-securities/tokenized-securities
- https://solanacompass.com/news/backpack-securities-drops-stock-trading-fees-to-zero-through-july-as-brokerage-platform-accelerates
- https://x.com/CryoPalmar/status/2074415854259785985
- https://www.coinbird.com/cryptocurrencies/solana/news