Backpack Securities’ Tokenized Stocks Top $5.3 Billion in Cumulative Onchain Volume
Photo: TokenPost
Backpack Securities’ tokenized stocks and exchange-traded funds on Solana generated more than $5.3 billion in cumulative onchain volume from June 12 through Oct. 18, showing the scale of its tokenized-securities offering. The figures are rounded. The same snapshot listed more than 430,000 token holders and 87 live tokenized securities. It measures cumulative volume across the stated period, rather than a weekly trading total. Customers can withdraw a share held through Backpack Exchange and receive a token on a one-to-one basis. Depositing the token back burns it, and the corresponding share is credited to the customer’s exchange account.
Source: TokenPost
