Solana Welcomes Take-Two Interactive Stock Amid GTA 6 Hype
The popular video game publisher Take-Two Interactive has made its stock available on the Solana blockchain, allowing investors to buy and trade shares directly through blockchain wallets. This move is significant as it provides global access to the stock, which can be traded 24/7, unlike traditional Wall Street hours.
The tokenized version of TTWO was launched by Backpack Securities through the Sunrise tokenization platform on Solana. Each TTWO token is backed by a real Take-Two share purchased on the US stock market, and investors can redeem their tokens for the underlying shares. This means that investors have more flexibility in managing their investments.
The timing of this launch coincides with Netflix's announcement to premiere an extended look at Grand Theft Auto VI on August 27, which is set to be one of the biggest entertainment launches in history. Take-Two has reaffirmed its release schedule for GTA 6 and projected over $1 billion in fiscal 2027 operating cash flow.