OpenWorld, Inc. (Nasdaq: OPNW) said in a Nov. 5 announcement that it had made a tokenized version of its stock available on Solana, giving eligible investors another way to trade and hold its shares.
The tokens are created and held through Backpack Securities, which also handles conversion into brokerage positions. Sunrise operates the Solana market. Redemption places a holder’s OPNW position into a brokerage security entitlement that can be transferred to another brokerage; eligible shares can also be converted back into tokens under program rules.
OpenWorld described the Solana venue as continuously available to qualifying investors, with settlement running without a daily pause. Token holders may keep the assets in compatible self-custody wallets and transfer them from one wallet to another. The company presented the launch as an extension of its tokenization business aimed at broadening investor access. It said the launch will not issue new shares or raise capital.
OpenWorld said dividends and corporate actions on redeemed positions are handled through brokers. It said token holders are intended to receive equivalent economic treatment, while processing schedules and tax outcomes can vary.
The company disclosed counterparty, technology, market, liquidity and tracking risks, as well as eligibility requirements and redemption limits.
The launch follows Sunrise’s Oct. 6 Solana listings of Cerebras Systems and Ferrari shares. OpenWorld said a dual listing on Figure’s On-chain Public Equity Network, known as Figure OPEN, remains its target for the fourth quarter of 2026.
