Sunrise brings Backpack's tokenized Meta shares to Solana
- —Tokenized Meta shares from Backpack are now available on Solana via Sunrise
- —Redemption requires an eligible, verified Backpack account
- —Transfers from Backpack to another brokerage are not yet supported
Why it matters: It widens the tokenized-equity market on Solana, though transfer restrictions limit liquidity and arbitrage.
Source: The Defiant