Backpack expands 1:1 redeemable tokenized stocks on Solana
- —Backpack tokens redeem 1:1 against underlying shares, with supply adjusted to demand
- —SPCX tied to SpaceX launched on Solana on June 12, 2026, with $108M daily volume
- —Cumulative tokenized-stock volume on Solana surpassed $10 billion
- —Solana daily peak hit $683M, with tokenized-stock supply at $684M as of Sept 11
Why it matters: A dynamic-supply model could become a standard for tokenized equities, sharpening Backpack's rivalry with Ondo and xStocks on Solana.
Source: TokenPost