Backpack brings tokenized BlackRock shares to Solana
RWA Signal Insight
StocksBackpack Securities has officially launched its $BLK token on the Solana blockchain, providing users with a tokenized version of BlackRock shares. This development allows investors to trade equity-backed assets 24/7 on decentralized exchanges, bypassing the constraints of traditional stock market hours. The initiative is part of a broader expansion by Backpack, which aims to support up to 10,000 stock symbols to bridge traditional brokerage functions with decentralized finance. By September 2026, the platform had already listed approximately 200 tokenized stocks, following the successful launch of its first asset, SpaceX ($SPCX). The platform, which utilizes regulated infrastructure in partnership with Sunrise, recorded over $4.9 billion in trading volume for tokenized stocks during the first half of 2026. This move highlights the growing trend of integrating real-world equities into on-chain environments to enhance liquidity and accessibility. While offering increased flexibility, the model also introduces new considerations regarding dividend distribution and off-hours market liquidity for retail participants.
Key points
- Backpack Securities launched $BLK token on Solana for 24/7 trading of BlackRock shares.
- Platform reached 200 tokenized stock listings by September 2026 with 10,000 symbol goal.
- Tokenized stocks on Solana generated over $4.9 billion in volume during H1 2026.
- Backpack-issued tokens captured 73% of the decentralized market share for tokenized equities.
Background
Backpack is a Solana-based platform that operates a brokerage and tokenization arm, Backpack Securities, to facilitate the trading of real-world US equities. It functions by allowing users to purchase traditional stocks and convert them into blockchain-native tokens that maintain a 1:1 peg to the underlying asset. This infrastructure is designed to integrate traditional brokerage services with DeFi protocols via a unified API.