Pump.fun Expands to Tokenized Stocks with Custom Pairs
Pump.fun's Custom Pairs feature is now live, allowing creators to launch coins paired with tokenized stocks. This marks a significant expansion of Pump.fun's offerings, which previously only supported SOL and USDC pairs. The new pairs include tokenized versions of major companies like Boeing, Tesla, and Nvidia.
Twenty of the new pairs are tokens minted specifically for this launch, issued by Backpack Securities through Sunrise, the Solana asset-listing platform. These pairs offer deeper liquidity and lower fees than other platforms, according to Pump.fun. The company claims that the new feature will drive more activity on its platform.
Pump.fun's announcement also notes that half of the revenue from these new pairs will go towards buying back PUMP tokens, further reducing the token's circulating supply. This move is part of the company's ongoing effort to burn a significant portion of its tokens and stabilize the market.