Ferrari NV’s tokenized stock, RACE, has gone live on Solana through the Sunrise asset gateway, with Backpack Securities serving as the issuer and the launch taking effect on Oct. 6. 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 including Phantom, Jupiter, and Raydium, giving users round-the-clock trading access on Solana. Holders are also eligible for dividends and other corporate actions tied to the underlying stock. Backpack said it plans to expand the number of tokenized stock tickers on Solana from about 200 to 10,000.
According to Odaily, Ferrari NV’s tokenized stock, RACE, has launched on Solana through the Sunrise asset gateway, with Backpack Securities acting as the issuer. The listing takes effect on Oct. 6.
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 equity rights in the stock.
The token is supported across trading venues including Phantom, Jupiter, and Raydium. It offers 24/7 trading and gives holders access to dividends and corporate actions. Backpack also plans to increase the number of tokenized stock tickers on Solana from about 200 to 10,000.
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