Backpack Brings Micron Trading to the Blockchain

Backpack Securities has tokenized Micron stock on Solana, allowing investors to trade the AI memory giant around the clock. The $MU tokens are backed 1:1 by real Micron shares held in custody by Backpack and can be redeemed for the underlying shares or transferred into traditional brokerage accounts.

The launch comes ahead of Micron's earnings report on Wednesday, giving investors a chance to trade the stock outside of regular market hours. While MU shares listed on the Nasdaq are traded during extended trading hours, tokenized $MU can be traded 24/7 on Solana wallets and decentralized exchanges.

This is not the first time Backpack has launched a high-profile equity on Solana. The firm's tokenized SpaceX product attracted over 10,000 holders and reached $350 million in cumulative on-chain volume within days of launching.