Backpack CEO says the next step for tokenized stocks is to bring the entire stock market onto Solana.

The move to Solana

Armani Ferrante, CEO of Backpack, said on September 26 in a BlockBeats report that the next step for tokenized stocks is not 10 or 100 stocks, but the entire stock market on Solana. He proposed one API connecting broker accounts and DeFi, so assets meeting the "real shares" standard can move between broker accounts and DeFi. The next target is about 200 stocks, rising to 10,000.

This proposal can be read as an attempt to move tokenized equities from isolated experiments toward broader market infrastructure. The mention of broker accounts alongside DeFi suggests an interoperability layer between traditional custody and on-chain finance. In that framing, Solana is treated as a settlement and execution environment, while the "real shares" standard serves as a common rule for which tokenized assets may move across systems.

Why the API matters

Tokenized stocks are digital representations of shares that can settle on a blockchain. Solana is used for fast settlement and DeFi. A single API could reduce separate integrations for many listed companies.

The significance of the API lies less in the number of tokens alone and more in whether users can access a standardized interface across many issuers. If such an interface works, developers, brokers, and DeFi protocols may not need custom integrations for every individual equity. That could make listings more uniform and may help asset transfers behave predictably when moving between regulated custody rails and public-chain applications.

What comes next

Moving from about 200 to 10,000 stocks means mapping more equities to the same standard and connecting more broker and DeFi rails. The report framed this as the next step, not a completed rollout.

Scaling from a limited group of assets to the full stock market would require more than technical integration. Each tokenized share may need clear ownership rules, issuer or custodian cooperation, compliance considerations, and consistent market data. The impact could be substantial if successful: DeFi applications might gain access to a wider range of traditional financial instruments, while stock-market assets could potentially be used as collateral, liquidity, or tradable objects inside blockchain-native interfaces. At the same time, the expansion increases exposure to legal, operational, and counterparty risks.

Key takeaway

The central idea is standardization first, scale second. The proposal envisions tokenized stocks moving beyond small curated sets and toward a common bridge between broker accounts and DeFi on Solana. The 200-to-10,000 framing signals ambition, but the report itself presents the plan as a next step rather than an established outcome.

Risk Warning

This article is for informational purposes only, summarizes public reports, and does not constitute investment advice, recommendation, or solicitation. Tokenized stocks and related crypto assets are highly volatile and may involve regulatory, custody, liquidity, and technical risks; prices can move sharply, and past developments may not reflect future outcomes. Backpack’s comments should be read as a proposal rather than a completed rollout. Readers should independently verify facts, assess their risk tolerance, and consult qualified professionals before making any decisions.