All seven “Magnificent Seven” stocks — Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla — are now available as tokenized equities on Solana via Sunrise, issued by Backpack Securities. The tokens are pitched as 24/7 tradable and redeemable 1:1; Sunrise's data lists the U.S. and Canada as blocked regions.
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CApple, Amazon, Alphabet, Meta, Microsoft, Nvidia, Tesla — the claim is all seven just went on-chain.
MMeteora Ecosystem posted on X that the whole Magnificent Seven is now tokenized on Solana, issued by Backpack Securities via Sunrise.
CRedeemable one-for-one, trading 24/7. That's not a gimmick, that's a real shift.
MYeah, and the marketing says 'launch any asset.' That makes my eye twitch.
CWhy? Because it's on the same blockchain as everything else? That's the point.
MNo, because it starts to blur a stock and a memecoin. Investors need to know which is which.
CBut it is redeemable one-for-one. You want the share exposure, you get it. It's a bridge.
MA bridge that Americans can't cross. The U.S. and Canada are reportedly blocked from trading it.
CRight, regulators. But the rest of the world is moving. Markets shouldn't close at four Eastern.
MSo they should run through a system with no U.S. investor protections? That's not modernization, that's an end run.
CIt's not no protections. Backpack Securities is described as a licensed issuer, doing it out in the open.
MMaybe. But 'open' doesn't always mean safe. That's my only point.
CFair enough. I still think it pressures exchanges to catch up.
CSpeaking of risk, there's a clip floating around from Bill Ackman.
MThe CEO Interviews AI account posted on X that Ackman said total return swaps brought back pre-Depression 95 percent leverage.
CAnd the claim is that Pershing bought Microsoft, Amazon, Meta and Google on the swings. If that quote is real, that's a warning.
MWe couldn't confirm it from any primary source. So treat the 95 percent number as a claim, not fact.
COkay, but the quote itself is very specific.
MHe says—quote— 'One day the company announces, well, a little disappointed on the guidance for next quarter, and the stock drops 30 percent.'
CA 30 percent drop in a mega-cap is exactly what total return swaps can accelerate.
MBut if funds are piling into synthetic exposure with that much leverage, a bad week turns into a cascade.
CAnd that's the part I'd like to see Ackman confirm. Because it would explain a lot of market weirdness.
MWait, no. It might explain nothing if he didn't say it. We don't know.
CI'm not saying he definitely said it. I'm saying the warning fits the system.
MThen let's call it a rumor about the market, not a data point.
CFine. Rumor: leverage is back in a big way. Exact number unconfirmed.
MDifferent fight entirely: Europe's antitrust machine.
COh, this'll be fun.
MCullen International posted on X that European authorities have brought a large number of antitrust cases against Amazon, Apple, Google, Meta and Microsoft.
CThat sounds high. I'd want to see the filings.
MI also couldn't verify that total. But the direction is real: Europe has been swinging at U.S. tech for years.
CAnd it's part of why the Solana thing exists. Innovation moves where regulators don't choke it.
MOr it moves to places where there's no one to call when you get rugged.
COh, come on. That's exactly my point— overregulation pushes people into unregulated markets.
MNo, no, wait. You don't fix bad rules by having no rules. You fix the rules.
CBut Europe isn't fixing anything, they're suing. The U.S. is blocking. Solana is already eating their lunch.
MSolana can't even serve American customers yet. It is not eating anyone's lunch.
CGive it a year. If the tokenized stocks work in Asia and Africa, Wall Street will have to respond.
MOr it'll be another offshore loophole. We'll see who's right.