Backpack Securities has launched tokenized shares of Ferrari NV, trading under the ticker RACE, on the Solana blockchain. The initiative, which went live on October 6, 2026, utilizes the Sunrise asset gateway for distribution.
Each RACE token maintains a 1:1 backing with actual Ferrari shares held in regulated custody. Holders can redeem their tokens for traditional stock entitlements directly through Backpack Securities.
The tokens are available for 24/7 trading on decentralized exchanges and wallets, including Phantom, Jupiter, and Raydium. The assets are designed to support dividends and corporate actions.
This launch follows a partnership that introduced tokenized SpaceX shares in June 2026. Backpack Securities currently offers 200 tokenized stock symbols and plans to scale this number to 10,000.
