Take-Two Stock Launches on Solana Blockchain Ahead of GTA 6
Take-Two Interactive, the publisher of the highly anticipated game GTA 6, has launched tokenized stock on the Solana blockchain. The move allows eligible investors to trade and redeem tokens for underlying shares through compatible wallets.
The tokenized TTWO stock was issued by Backpack Securities, which uses a custody structure to back each token with actual U.S. shares. This separates it from meme tokens that only track market prices without direct equity backing.
The launch comes as interest in GTA 6 builds ahead of the Netflix special 'GTA 6: An Extended Look' scheduled for August 27. Take-Two stock recently traded near $232 after earnings, while the tokenized version changed hands close to $233.79.
The average price target for Take-Two remains at $284.14 among analysts who hold a Strong Buy consensus. The company's stock is expected to play a major role in its fiscal 2027 operating cash flow, projected to exceed $1 billion.