Backpack-Issued Tokenized Equities Surpass 300,000 Holders on Solana

Tokenized stocks issued by Backpack Securities on the Solana ($SOL) blockchain have officially surpassed 300,000 unique holder wallets, marking a significant adoption milestone for onchain real-world assets (RWAs).
The model deployed by Backpack bridges traditional brokerage custody governed under New York UCC Article 8 with Solana-native distribution, allowing investors to hold self-custodied tokenized claims that are redeemable 1:1 for the underlying physical shares. Unlike purely synthetic price-tracking tokens, Backpack's tokenized equities feature continuous 24/7 onchain liquidity—routing across decentralized venues such as Raydium—alongside automated dividend reinvestment mechanisms and corporate action balance adjustments.
The growth in holders follows an expanding roster of tokenized large-cap listings, including BlackRock ($BLK), Moderna, and select corporate treasuries, underscoring rising institutional and retail demand for tokenized equity rails.