Ferrari NV’s tokenized stock, RACE, has launched on Solana through the Sunrise asset gateway, with Backpack Securities serving as issuer. Each RACE token is backed 1:1 by one actual Ferrari share held in regulated custody, and holders can redeem the token through Backpack Securities for traditional stock ownership rights. The product is available across venues and wallets including Phantom, Jupiter, and Raydium, while offering 24/7 trading as well as access to dividends and other corporate actions. Backpack also said it plans to expand the number of tokenized stock tickers on Solana from roughly 200 to 10,000. The rollout adds another tokenized equity product to Solana’s onchain asset offering and ties the instrument directly to underlying shares through a regulated custody structure.
Ferrari NV’s tokenized stock, RACE, has gone live on Solana through the Sunrise asset gateway, according to ChainCatcher. Backpack Securities is the issuer.
Each RACE token is backed 1:1 by one actual Ferrari share held in regulated custody. Holders can redeem the token through Backpack Securities for traditional stock ownership rights.
The token is supported on venues and wallets including Phantom, Jupiter, and Raydium. It offers 24/7 trading and also gives holders access to dividends and corporate actions.
Backpack said it plans to expand the number of tokenized stock tickers on Solana from about 200 to 10,000.
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