Micron Tech Tokenized Stock Goes Live on Solana via Sunrise
Stocks
Solana has expanded its real-world asset offerings by launching tokenized Micron Technology (MU) shares through the Sunrise infrastructure platform. Issued by the regulated U.S. brokerage Backpack, these tokens are backed 1:1 by actual Micron shares held in custody, allowing holders to withdraw the underlying equity to traditional brokerage accounts. This development enables 24/7 trading of the semiconductor giant's stock on Solana-based decentralized exchanges, bypassing the time constraints of the Nasdaq. The launch follows the successful introduction of SpaceX's SPCX token, which contributed to Solana's daily tokenized equity trading volumes reaching up to $213 million. By integrating these assets into Solana's DeFi ecosystem, users can trade against USDC or SOL via liquidity pools like Meteora. This move reflects a broader trend of bringing U.S. equities on-chain, supported by increasing regulatory clarity and institutional interest. With the total RWA market exceeding $32 billion, Solana currently leads in tokenized equity trading volume, positioning itself as a critical hub for the projected $8 trillion tokenized asset market by 2030.
Key points
- ▸Micron Technology shares are now tradeable on Solana via Sunrise and Backpack Securities.
- ▸Tokenized MU shares are backed 1:1 by actual equity held in regulated custody.
- ▸Solana's daily tokenized equity trading volume recently peaked between $187 million and $213 million.
- ▸Total RWA market value has surpassed $32 billion, with Solana holding $3 billion.
Background
Micron Technology is a global leader in semiconductor memory and storage solutions, including DRAM and NAND chips essential for AI and data centers. The company has seen record-breaking financial performance driven by the massive demand for high-bandwidth memory (HBM) used in artificial intelligence infrastructure.
Relevance
8.5/10