Question 1

What backs LLY?

Accepted Answer

LLY (Eli Lilly and Company (Backpack Securities)) is backed by Tokenized public equity (1:1 backed).

Question 2

Can I trade LLY 24/7?

Accepted Answer

Yes — LLY trades on-chain 24/7/365, including weekends when traditional markets are closed.

Question 3

Is LLY permissionless to buy?

Accepted Answer

Partly — LLY trades permissionlessly on secondary DEX pools, but minting or redeeming directly with the issuer requires KYC / accredited-investor eligibility.