Solana Surges with 20 New Tokenized Stocks
Solana's dominance in decentralized trading of tokenized US equities continues to grow. The latest addition is 20 new tokenized stocks from Backpack Securities, bringing the total count to low-thirties since June.
The new batch includes familiar Wall Street names such as Micron Technology (MU), Moderna (MRNA), and Nike (NKE). Each token represents real ownership of the underlying securities, backed 1:1 with conventional equity entitlements, including dividends.
The Sunrise-Backpack partnership has seen rapid expansion since its launch in June. Starting with tokenized SpaceX equity (SPCX) on June 12, which generated $439 million in trading volume during its first week alone. Cumulative DEX trading volume for tokenized stocks on Solana crossed $734 million by mid-July and total tokenized equity supply reached $465 million by late August.