Backpack CEO Says Goal Is to Bring Entire Stock Market On-Chain to Solana

Backpack, a Solana-based decentralized exchange, said it aims to bring the entire stock market on-chain on Solana. On September 26, Backpack Chief Exe

• Backpack, a Solana-based decentralized exchange, aims to tokenize the entire stock market on the Solana blockchain.
• The platform plans to enable seamless movement of real-world stocks between brokerage accounts and DeFi via a single API.
• Backpack intends to expand its stock offerings from 200 to 10,000.

Topics: Asset types, Blockchain usage, Institutional adoption, Equity, Non evm chains, Asset manager initiatives

Tags: #backpack #solana #stockmarket #onchain #defi #api #equities #tokenization #decentralizedexchange

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How XRP Is Filling the Cash Gap: South Korea Debuts Stock Market on the XRP Ledger as Ripple Expands

In a move to meet demand for faster, cheaper, and more transparent digital asset infrastructure, Ripple continues to expand globally, positioning XRP as a core settlement asset.

• South Korea's Financial Services Commission (FSC) is launching a tokenized securities market on the XRP Ledger, starting with privately placed corporate bonds and money market funds.
• This initiative aims to transition the country's capital market to 24/7 trading, with Ripple's strong existing collaborations in the region making it a key beneficiary.
• The move signifies an expansion of tokenized assets beyond real estate and royalties to include traditional securities like stocks, bonds, and funds, leveraging XRP's efficiency for cross-border transactions and DeFi integration.

Topics: Asset types, Jurisdictions, Integration with defi, Financial instruments, Emerging hubs, Rwa collateral lending

Tags: #xrpledger #southkorea #ripple #tokenizedsecurities #stockmarket #financialservicescommission #fsc #crossbordertransactions #defi #xrp

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South Korea Aims to Tokenize Its Entire Stock Market: The Plan Already Has a Date

Licensed securities firms will be able to operate without additional procedures. Retail investors o

• South Korea's Financial Services Commission (FSC) has unveiled a three-phase roadmap to tokenize its entire stock market, aiming for full blockchain integration by 2027.
• The plan will initially focus on private placement funds and corporate bonds, expanding to all publicly offered securities, and eventually settling transactions directly on the blockchain using stablecoins.
• The FSC has established investor protection measures, including purchase limits for retail investors, and existing securities firms can operate with tokenized assets under current licenses.

Topics: Asset types, Jurisdictions, Legal regulatory, Financial instruments, Established hubs, Securities law classification

Tags: #southkorea #tokenization #stockmarket #securities #blockchain #financialservicescommission #fsc #retailinvestors #stablecoins #2027

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Trump threatens Iran as oil jumps 7% and stocks sink

President Donald Trump threatened a forceful response after Iran fired missiles at U.S. forces in Jordan, ending a brief pause in fighting and sending oil prices sharply higher. Trump vows retaliation after Iran missile attack Iran’s Revolutionary Guards fired several…

• President Trump threatened a strong response after Iran fired missiles at U.S. forces in Jordan, leading to a sharp increase in oil prices and a decline in stock markets.
• Oil prices surged due to renewed risks to Middle East supplies, while U.S. Treasury sanctioned companies involved in Iran-linked crypto payments to bypass sanctions.
• Bitcoin experienced a brief recovery after the Federal Reserve maintained interest rates, but further military actions could impact stocks and crypto negatively.

Topics: Asset types, Jurisdictions, Legal regulatory, Real assets, Cross jurisdictional policy, Enforcement actions litigation

Tags: #trump #iran #oilprices #stockmarket #bitcoin #ustreasury #sanctions #middleeast #geopolitics #energysupply

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Social Security faces steep cuts. These senators want to bet on stocks and $27 trillion in debt to save it—but 'the gamble does not always pay off' | Fortune

"As a result, the most likely outcome is that in the 75th year, the government will end up with a big pile of debt, requiring large interest payments."

• A proposal by Senators Cassidy and Kaine suggests using a $1.5 trillion investment fund in stocks and $25.1 trillion in additional borrowing to cover Social Security's funding gap, aiming to avoid benefit cuts or tax hikes.
• Simulations by Boston College's Center for Retirement Research indicate this plan is risky, with a high probability (64%) of investment returns failing to cover the debt over 75 years, especially with lower-than-historical stock market return assumptions.
• Alternative ideas include allocating a portion of Social Security funds to stocks or 'Trump accounts' for children, which critics argue do not address the immediate funding needs of current retirees.

Topics: Public debt, Yield performance, Institutional adoption, Tokenized us treasuries, Global sovereign bond tokenization, Retail access govt debt, Performance vs tradfi

Tags: #socialsecurity #debt #stockmarket #investmentfund #cassidykaineproposal #bostoncollege #senators #trustfund #benefitcuts #trumpaccounts

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