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Powerus tokenized stock PUSA hits $8 million in volume on Solana in four hours
The onchain version of the newly listed defense tech stock out-traded its Nasdaq counterpart on day one
Powerus Corporation rang the Nasdaq bell on October 1, 2026. By the next day, its stock had a second life on Solana, and that version was moving a lot more money.
The tokenized $PUSA share recorded $8 million in trading volume within four hours of listing. That figure more than doubled the dollar volume the actual Nasdaq-listed stock posted over the same window.
The numbers behind the debut
The token went live on October 2, 2026, through Backpack Securities using the Sunrise platform. Each $PUSA token is backed 1:1 by real Powerus common stock held in custody. Holders can redeem the token for that underlying share.
By the end of the first 24 hours, total trading volume for the token was reported at approximately $12 million.
The headline feature is timing. Nasdaq keeps business hours, while the token trades continuously, including after the closing bell.
From drone contracts to Nasdaq
Powerus is a defense technology firm focused on autonomous drones and counter-drone systems. Its lineup centers on US-built autonomous aerial and maritime systems, plus technology designed to knock unwanted drones out of the sky.
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The company reached public markets by completing a merger with Aureus Greenway Holdings Inc. on October 1, 2026. It now trades on the Nasdaq Capital Market under the ticker PUSA.
The listing followed a pair of notable contract wins. Powerus secured a defense purchase order worth approximately $2.5 million for FPV aircraft, which are first-person-view drones piloted through a live camera feed.
It also holds a long-term US Air Force IDIQ contract for its Guardian-2 counter-drone system. IDIQ stands for indefinite delivery, indefinite quantity, a government contract structure that sets a ceiling rather than a guaranteed payout. This one is potentially worth up to $90 million through mid-2028.
Solana’s growing tokenized stock scene
$PUSA did not arrive in an empty room. Tokenized equities on Solana have been building momentum, with platforms like Backpack Securities and xStocks handling meaningful volumes.
Solana’s tokenized equities market recently reported that 63% of trades occurred after traditional market hours.