Backpack Aims for 10,000 Tokenized Stocks on Solana

Backpack's ambitious plan to expand tokenized stock access on Solana has been revealed by CEO Armani Ferrante. The company currently offers around 200 stock symbols, but Ferrante wants to push that number to a staggering 10,000.

Ferrante shared the plan in a video clip shared by Solana on September 26. He explained that the goal is to make the entire stock market available through blockchain technology, with shares moving between brokerage accounts and DeFi apps through a single API.

No launch date or list of priority stocks has been given for the expansion. However, Ferrante described the jump from 200 to 10,000 symbols as 'the next leap.'