Take-Two Stock Tokenized on Solana Ahead of GTA 6 Release
Take-Two Interactive's stock has been tokenized and is now available on the Solana blockchain, giving eligible investors access to the company's shares through compatible crypto wallets. The tokenization was made possible by Backpack Securities, which issues equity tokens that are backed one-to-one by actual TTWO shares held in custody.
The launch of tokenized Take-Two stock comes as interest in Grand Theft Auto 6 (GTA 6) continues to build ahead of its November 19 release on PlayStation 5 and Xbox Series X|S. The game's publisher, Rockstar Games, is scheduled to premiere GTA 6: An Extended Look on Netflix on August 27, adding another marketing event before the game's launch.
The tokenized shares can trade outside standard Nasdaq hours, providing investors with more flexibility in their trading activities. This move also places Take-Two within the growing trend of tokenized equities, which connects traditional securities with blockchain settlement.