Issued by Backpack Securities, 20 new tokenized stocks are now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for the underlying shares
▸ Transferable to traditional brokerages
$BA $BABA $BULL $COST $DELL $DJT $HIMS $IBM $JNJ $LMT $LULU $PFE $QUBT $RBLX $RDDT $RIVN $SHOP $SNAP $UPS $MGM
Issued by Backpack Securities, $HTZ is now listed on @solana with @sunrise.
▸ Redeemable 1:1 for Hertz Global Holdings shares
▸ Transferable to traditional brokerages
Hertz is a global car rental company operating the Hertz, Dollar and Thrifty brands.
ProTip
It's not a real equity on chain unless *you* can mint and redeem, and move to/from other brokerages
The more you trade not-real-equities on chain, the more arbitrage you are giving to the authorized participants, eg Citadel, Jane Street, etc
Issued by Backpack Securities, $SPHR is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for Sphere Entertainment shares
▸ Transferable to traditional brokerages
Sphere Entertainment is the company behind Sphere in Las Vegas, whose Exosphere is the world’s largest LED screen, and also owns MSG Networks.
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