Pump.fun Blurs Memecoin Boundaries with Stock Token Pairings
Pump.fun has launched 'Custom Pairs' on its Solana platform, allowing anyone to create a token paired with tokenized stocks, crypto majors, metals, and other assets. This move blurs the line between memecoins and traditional markets.
The initial rollout supports 93 asset pairs through xStocks and Sunrise. Twenty new stock tokens have gone live on Sunrise, issued by Backpack Securities, including Boeing, Alibaba, Costco, Dell, IBM, Johnson & Johnson, Lockheed Martin, Reddit, Rivian, Shopify, and UPS.
Backpack says its tokens are redeemable 1:1 for underlying shares and can be transferred to traditional brokerages. Trading fees can also be paid out in the paired token, giving creators a direct economic incentive to increase trading around tokenized real-world assets.