Powerus tokenized stock PUSA hits $8 million in volume on Solana in four hours
RWA Signal Insight
StocksPowerus Corporation, a defense technology firm, debuted its common stock on the Nasdaq on October 1, 2026, followed by a tokenized version on the Solana blockchain the next day. Facilitated by Backpack Securities and the Sunrise platform, the tokenized $PUSA shares are backed 1:1 by custody-held equity. Within four hours of its Solana listing, the tokenized asset recorded $8 million in trading volume, more than doubling the volume of its Nasdaq-listed counterpart during the same period. By the end of the first 24 hours, the tokenized volume reached approximately $12 million. This event highlights the growing demand for 24/7 liquidity in equity markets, as tokenized assets allow for continuous trading outside of traditional Nasdaq business hours. The success of this launch underscores the increasing momentum of tokenized equities on the Solana network. This shift demonstrates how blockchain infrastructure can provide competitive alternatives to legacy market hours for public companies.
Key points
- Tokenized $PUSA shares on Solana reached $12 million in volume within 24 hours.
- Solana-based $PUSA volume doubled Nasdaq-listed volume during the initial four-hour trading window.
- Backpack Securities and the Sunrise platform enabled the 1:1 tokenized equity listing.
- 63% of trades for Solana-based tokenized equities occur outside traditional market hours.
Background
Powerus Corporation is a defense technology company specializing in autonomous aerial and maritime systems, including drone and counter-drone technology. The company entered public markets via a merger with Aureus Greenway Holdings Inc. and maintains significant government contracts, including a $90 million IDIQ agreement with the US Air Force.