Search results for Armani Ferrante
Crypto
Not all SpaceX investors are shareholders: The pitfalls of tokenised stocks
SpaceX’s initial public offering has highlighted structural differences in the tokenised stock market. Products marketed as SpaceX investments vary widely in whether investors own shares, have redemption rights, or receive shareholder protections. Some tokens are backed one-for-one by custody-held shares and can be redeemed by eligible investors. Others track the stock price without legal claims, voting rights or guaranteed share collateral. Perpetual futures add further price divergence without redemption mechanisms.
Crypto
Backpack launches integrated trading platform for U.S. stocks and tokenised securities
Backpack, a cryptocurrency exchange founded by former FTX employees, has launched Backpack Securities, a platform that combines traditional stock trading with tokenised securities. The service lets users buy, hold and sell U.S. stocks through regulated brokerage infrastructure and convert shares into blockchain tokens. CEO Armani Ferrante (아르마니 페란테) said stock ownership and blockchain access are two pillars of one financial system. The platform integrates brokerage and Solana-based tokenisation services.
Crypto
Backpack Exchange starts beta test of prediction market platform
Backpack Exchange, a cryptocurrency exchange founded by former Alameda Research and FTX employees, is moving into prediction markets. Cointelegraph reported on Jan. 14 that Backpack has started a private beta test of an integrated prediction portfolio that combines prediction markets and cryptocurrency trading. CEO Armani Ferrante said the platform differs from Kalshi and Polymarket, describing it as a native system with tokenisation and integrated risk. Backpack plans an invite-only beta first, then expansion.