Sunrise tokenizes Backpack and introduces Meta stock to Solana

The liquidity protocol Sunrise based on Solana announced the introduction of tokenized Meta stocks issued by Backpack Securities into the Solana ecosystem. Previously, the two parties collaborated to tokenize multiple U.S. stocks and launch them on Solana, including SpaceX (SPCX), Micron Technology (MU), Moderna (MRNA), and Nike (NKE).

Backpack Securities is responsible for the custody and issuance of the tokens, while Sunrise is responsible for coordinating on-chain listings and liquidity building within the Solana ecosystem. Each tokenized stock is backed 1:1 by real stocks in a custody account, and holders have actual rights to the corresponding securities, including dividends, and can redeem them for traditional stocks through Backpack Securities.

Sunrise is a Solana liquidity protocol initiated by Wormhole Labs, and its collaboration with Backpack started in June 2026, with the first product being tokenized SpaceX stock. As the supply and trading volume of tokenized U.S. stocks continue to grow, Solana is becoming one of the main venues for decentralized trading of tokenized U.S. stocks.