Real shares.
Redeemable 1:1.
Redeem for real shares and transfer them to your favorite brokerage at any time, in seconds, at zero cost.
See how it worksShare1:1Token
Stocks onchain, as they should be.
Tokenized stocks and ETFs on Solana. Trade them around the clock, put them to work across DeFi, and redeem them for the underlying shares at any time.
Real shares.
Trusted leader.
From day one.
$5.3B+ in onchain volume and 430K+ token holders since the June 2026 launch.
See the track recordBest‑in‑class liquidity.
Lower execution costs.
Orders route to the best price. Backpack had the better price on 98% of head‑to‑head quotes.
Learn moreNasdaq · NYSEOnchain
Trusted leader
Leading from day one.
The fastest-growing token issuer.
$5.3B+
430K+
85
Data from Jun 12 to Oct 18, 2026. Sources: Blockworks (opens in a new tab) and Birdeye Data (opens in a new tab). Figures are rounded.
Successful launches
The SpaceX token the market chose.
IPO day
Jun 12
SPCX went live on Solana as SpaceX began trading.
IPO week
91.7%
of all tokenized SpaceX trading volume and 87.5% of the liquidity.
First nine weeks
89%
of all tokenized SpaceX trading volume.
Weekend, Oct 10–11
$80M+
traded while U.S. markets were closed, the most of any tokenized stock on Solana that weekend.
1.5×
its U.S. market volume, traded onchain on listing day.
In its first 12 hours onchain, PUSA traded about 3× its average daily U.S. volume.
$30M+
traded onchain between its launch at the U.S. close and the next market open.
- 4:00 PM ET, Oct 6Launched at the close
- 9:30 AM ET, Oct 7Next market open
The U.S. regular session runs 6.5 hours each weekday. Onchain markets price in earnings and overnight news during the other 17.5 hours.
Best‑in‑class liquidity
Connected to Nasdaq and the NYSE.
With 1:1 convertibility, market makers can rebalance inventory across onchain venues and U.S. equity markets, helping onchain orders benefit from deeper liquidity, tighter spreads, and lower execution costs.
Traditional markets
NYSE Nasdaq
1:1 convertibility
Onchain markets
DEXs AMMs
Lower execution costs, independently measured.
Where SpaceX orders fill
81%
of $1K SpaceX orders were routed to Backpack’s SPCX.
Against a competing issuer
98% of quotes cheaper
Backpack had the better price on every day measured.
0.33–0.39% saved
Against Robinhood Chain
0.12% vs. 5.42%
All-in cost of Micron (MU) trades under $100 on Backpack. The same trades cost 45 times as much on Robinhood Chain.
0.016% vs. 0.437%
FAQ
Common questions.
How long do minting and redemption take, and what do they cost?
Both complete in seconds, at zero cost.
What do I receive when I redeem?
When you deposit tokens to Backpack Exchange, they are burned and the same number of shares is credited to your Backpack Exchange account. You hold them as security entitlements under Article 8 of the New York Uniform Commercial Code.
Can I transfer shares to or from another brokerage?
Yes, you can transfer shares in from another U.S. brokerage through the Depository Trust Company (DTC). Transfers out to other brokerages are currently in private access.
How are dividends, splits, and other corporate actions handled?
Cash dividends are reinvested automatically as additional tokens. Splits and other corporate actions are reflected by adjusting token balances.
Which stocks and ETFs are available?
Every Backpack-issued tokenized security, with its token address and market, is on the asset list. View all assets
Start with one share. Trade it around the clock.
Every token address and market is listed on the asset page. View all assets