Backpack brings tokenized BlackRock shares to Solana

Backpack Securities has added BlackRock to its lineup of tokenized stocks. According to the company’s announcement on X, its $BLK token is now live on Solana.

The token gives Solana users a blockchain-native version of BlackRock shares. Holders can move it between wallets, trade it on decentralized exchanges, and do so outside the hours of a traditional stock market.

What Backpack is actually offering

Backpack Securities is the brokerage and tokenization arm of Backpack, a platform built around Solana. It launched in June 2026 with one goal: letting users trade real US equities through regulated infrastructure.

The interesting part comes after the purchase. Users can convert their stock holdings into tokenized versions that live on Solana and trade around the clock on decentralized exchanges.

Each token is designed to be redeemable 1:1 for the underlying share.

The $BLK listing appears to fit into a broader rollout Backpack is running with Sunrise, its partner for token issuance and trading on Solana. BlackRock had been flagged as an anticipated addition to that pipeline before the X announcement.

From one SpaceX token to hundreds of stocks

Backpack’s first tokenized stock was SpaceX, trading under $SPCX. The token went live the same day SpaceX began trading on Nasdaq.

By September 2026, Backpack had listed roughly 200 tokenized stocks. That month alone brought 20 new additions to the platform.

CEO Armani Ferrante has described an ambition to eventually support 10,000 symbols, which would cover a very large slice of the US equity market.

Ferrante’s broader pitch is about plumbing. He has said he wants a single API that ties traditional brokerage functions to decentralized finance, so developers do not have to stitch the two worlds together themselves.

The numbers behind the tokenized stock push

Tokenized stocks on Solana recorded more than $4.9 billion in trading volume during the first half of 2026.

In one measured week during 2026, Backpack-issued tokens held 73% of decentralized exchange market share for tokenized equities.

Why tokenized equities are getting attention

Traditional stock markets keep set hours, and anything that happens after the closing bell has to wait until the next session. Tokenized versions trade 24/7 on decentralized exchanges.

Backpack’s tokens are built to work with wallet-to-wallet transfers and DeFi applications, so a tokenized share could potentially be used inside other on-chain services rather than just sitting in a brokerage account.

What this means for investors and the market

For traders, the practical benefit is flexibility. A tokenized $BLK position can be moved, traded, or deployed on-chain at any hour, while still being tied 1:1 to an actual share.

Holders of tokenized equities face questions about how entitlements such as dividends and corporate actions flow through to the token. Liquidity is another variable, as off-hours markets for individual tokenized stocks can be thinner than the main exchange session.