Today’s Insider ⬇️
📈 Tokenized Stocks: Backpack CEO plans to bring 10,000 tokenized stocks to Solana
🤝 Corporate Partnership: Blockchain.com Signs MOU to Distribute Tokenized NYSE Stocks, ETFs
🚀 Service Expansion: Payward is betting billions on becoming financial infrastructure
Market Update
Market | Value | Day P&L | YTD |
Bitcoin | $84,000 | +0.02% | -23.33% |
Ethereum | $2,685 | -0.33% | -33.35% |
Solana | $121.22 | -0.66% | -39.81% |
XRP | $1.52 | -2.75% | -45.49% |
S&P 500 | $7,739 | +0.45% | +17.19% |
Gold | $4,286 | +0.54% | +13.38% |
1. Backpack CEO Plans To Bring 10,000 Tokenized Stocks To Solana
Tokenized stocks: Backpack CEO Armani Ferrante outlines plans to expand from 200 to 10,000 tokenized stock symbols on Solana through a single API connecting brokerage accounts with DeFi applications.
🔎 Insider Insight: A single API bridging traditional brokerage accounts with Solana DeFi would meaningfully lower the friction barrier that has kept most retail investors from accessing tokenized equity markets. The ambition to tokenize the entire stock market on one chain positions Backpack as one of the most aggressive players in a space where most competitors are still in single-digit symbol counts.
Top Crypto Insider Pick of 2026
Did You Miss the Launch? BlockchainFX Is Now Trading on Uniswap
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2. Blockchain.com Signs MOU To Distribute Tokenized NYSE Stocks, ETFs
Corporate partnership: Blockchain.com and NYSE Group sign an MOU giving Blockchain.com's 44 million users potential access to tokenized U.S. equities and ETFs on NYSE's planned digital ATS, with ICE Data Services also set to distribute Blockchain.com's crypto market data.
🔎 Insider Insight: NYSE signing distribution MOUs with Blockchain.com, OKX, and Securitize simultaneously reveals a deliberate strategy to use crypto exchanges as offshore retail distribution channels for tokenized equities rather than competing with them. Whether U.S. users qualify for access will determine how much of Blockchain.com's 44 million account base the NYSE can actually reach.
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3. Payward Is Betting Billions On Becoming Financial Infrastructure
Service expansion: Payward co-CEO Arjun Sethi outlines a "one ledger" strategy spanning trading, banking, asset management, and B2B infrastructure, with $2 billion-plus in acquisitions including NinjaTrader and Bitnomial, a planned European bank acquisition, and Nasdaq's $100 million investment.
🔎 Insider Insight: Payward's "Everything Financial Infrastructure" model, powering multiple brands rather than concentrating all products under Kraken, differentiates it structurally from Coinbase and Binance's single-platform strategies. With 25 external companies already building on Payward Services, the B2B infrastructure division gives Payward a revenue stream that doesn't depend on Kraken winning direct customer relationships.
That’s all for today’s insight. Stay informed, and we’ll see you in tomorrow’s edition.
Till next time,
3Insiders Team
