Backpack’s tokenized Meta-share offering is now available on Solana through Sunrise. Redemption is limited to users with eligible, verified Backpack accounts. Network access alone does not satisfy those account requirements.
The service does not support transferring the shares from Backpack to another brokerage. Holders who redeem must use an account that meets Backpack’s eligibility and verification conditions.
The Solana Foundation said 1.2 million addresses held tokenized equities on Oct. 2, including 775,000 holder addresses added in September, according to earlier coverage of Solana’s tokenized-equity holder count. The Solana Foundation put September trading in tokenized stocks at about $4.4 billion; tokenized-equity supply stood at $684 million. The address count does not represent individual investors. The volume figure measures trading activity, while the supply figure describes a separate part of the market.
