What do you actually own when you buy a tokenized stock? Backpack founder Armani Ferrante breaks down the transfer agent, DTCC, SPV debt-security and Backpack models. Backpack’s version is 1:1 redeemable stock you can move between your brokerage and DeFi. Armani explains how that unlocks arbitrage... Read the full story at The Defiant
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Wall Street is all abuzz over a possible merger between Tesla and SpaceX. But there is a high probability that such a merger would be a bad idea.
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On LBank, traders can take a position on Nvidia without buying its shares. They can follow the chipmaker’s fortunes through a stock-linked instrument inside a platform they already use for crypto. It is one example of how exchanges are bro…
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Oil flows out of the Persian Gulf in October nearly returned to levels seen before the start of the Iran war, but traders remain wary about a fragile recovery.
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The control plane for bank digital-asset operations is generally available at launch. Its revenue goes to Matter Labs, not ZKsync tokenholders, CEO Alex Gluchowski told The Defiant.