Backpack Securities has launched its BLK token on the Solana blockchain, providing users with a tokenized version of BlackRock shares. The asset allows for 24/7 trading on decentralized exchanges and supports wallet-to-wallet transfers, operating independently of traditional market hours.
The platform, which debuted in June 2026, enables users to convert real US equities into tokenized assets. This initiative is part of a collaboration with Sunrise, a partner focused on token issuance. Previously, the company introduced a tokenized version of SpaceX shares under the ticker SPCX.
As of September 2026, Backpack offered approximately 200 tokenized stocks, with 20 new listings added during that month alone. CEO Armani Ferrante aims to expand the platform to support 10,000 symbols, covering a significant portion of the US equity market through a unified API.
Data for the first half of 2026 indicates that tokenized stocks on Solana generated over $4.9 billion in trading volume. During one week in 2026, tokens issued by Backpack accounted for 73% of the decentralized exchange market share for tokenized equities.
