Ferrari Tokenized Shares Now Trading on Solana via Sunrise

Ferrari NV ($RACE) has become the latest luxury brand to offer tokenized shares on the Solana blockchain, thanks to a partnership with Sunrise and Backpack Securities. As of October 6, 2026, investors can now purchase tokenized $RACE shares through Sunrise’s asset gateway, with Backpack Securities acting as the issuer. Each $RACE token is backed 1:1 by an actual Ferrari share held in regulated custody, ensuring that holders can redeem their tokens for traditional stock entitlements through Backpack Securities.

The tokenized shares are designed to integrate seamlessly with Solana-based wallets and decentralized exchanges (DEXs), such as Phantom, Jupiter, and Raydium. Trading is available 24/7, and the tokens are eligible for dividends and corporate actions. The contract address for the $RACE token is RACEyWiM2ztEZcJx2AHXU2eWjhxU57x3vXn92b39dLD, which serves as a verification tool for authenticity.

Ferrari is not the first high-profile company to tokenize its shares on Solana. The launch follows the introduction of tokenized SpaceX shares in June 2026, as part of Backpack Securities’ broader goal to expand the number of tokenized stock symbols on Solana from 200 to 10,000. The success of $RACE will hinge on several factors, including trading activity on Solana DEXs, the smoothness of redemption processes, and how well the token’s price aligns with the underlying share during off-market hours.