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Habibi
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Habibi
@boredpasha
No financial advice here, stubborn personal opinion. Wanna get rich quickly from crypto? fine, don’t cry later. I am not a degenerate if u r. twin: @coffeebasha
Katılım Nisan 2022
2.7K Takip Edilen956 Takipçiler
Full story with @ArmaniFerrante on 24/7 US equities for international investors.
What is Backpack? Bona fide security entitlements. Stablecoins. US capital markets.
00:34 What is Backpack?
Your neobrokerage. Your money. Your exchange.
“Backpack is a globally regulated financial institution for the future of money. And right now, we are in the early innings of this incredible transformation of global finance all around the world.”
01:47 24/7 trading with a bona fide security entitlement
24/7 trading began in crypto. But not all tokenized stocks represent the same asset or come with the same legal rights.
“If you take a look at what the tokenized stock issuers are doing today... these properties might be different legal rights. They might be cash settled. And so they might be more akin to something like a CFD rather than an actual security entitlement.”
“What we're doing is really for the first time opening up 24/7 trading for a genuine bona fide security entitlement.”
“Markets will close on Friday in the US. And over the weekend, Saturday and Sunday, people through the Backpack brokerage will continue to trade and they'll get the exact same asset that you would expect from your neighborhood brokerage account.”
03:47 The world building on US capital markets
“Jensen Huang from NVIDIA, he loves to say that the world needs to build on the American tech stack. But we don't talk enough about the world building on the US capital market. And that's really the thing that's happening with crypto right now.”
04:07 Stablecoins first. Tokenized equities next.
“Maybe from a domestic point of view, a stablecoin is a story about efficiency, a story about upgrading the existing financial system. But when you look internationally, it's a very different story. It's a story about access. It's a story about the entire world wanting access to US dollars, even if they don't have access to local USD banking rails.”
Circle and Tether have grown into major holders of US Treasuries.
Backpack is bringing that same global access to tokenized US equities on @Solana.
“In the exact same way that US dollars have really been exported to the entire world and proliferated through the form factor of a stablecoin, we fully expect tokenization of US equities to have the exact same effect, but for publicly traded companies in the US all around the world.”
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@marccolcer @blknoiz06 Marc colcer must know something we don't know. I am in you may proceed to send it
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Just bought $10,000 more in solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump
We ride @blknoiz06
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Bitcoin is going to make a new low very soon. You’re welcome 😉
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@Jeremybtc U guys are on your own, enjoy the ride, stay hydrated you are getting liquidated
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NEW: @Backpack CEO @armaniferrante SAYS "IT'S GOING TO BE REALLY HARD TO CONVINCE STARTUPS TO BUILD STOCK PRODUCTS ON ROBINHOOD CHAIN"
"@solana'S MOAT IS AND ALWAYS WILL BE IT'S VIBRANT STARTUP ECOSYSTEM"
"THE ONLY CHOICE SERIOUS FOUNDERS HAVE IS A CREDIBLY NEUTRAL PLATFORM WHERE YOUR BUSINESS ISN'T GOING TO BE DIRECTLY KILLED BY THE HOUSE"
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@mariannehere اود ان اشارك بحتوى ct كوضيفه كامله. انا مستعد استعداد تام. لقد تخرجت من متارس 2022 عند ذروه ال memes. سلحت نفسي بكل المهارات اللتي يمكنك تتخيلها. Lfg
العربية
Land back in the states and first things first.
(I know this isn’t Instagram but what are you going to do about it?)
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