Pump.fun said Wednesday that creators can now launch coins paired with tokenized stocks, wrapped bitcoin, wrapped ether and metals, expanding beyond the SOL and USDC pairs the Solana launchpad had offered up to now. The product, called Custom Pairs, is already live in the platform’s create form.
The move brings to Solana a structure that has driven a large share of Robinhood Chain activity since July. The Defiant previously reported that memecoins priced in tokenized equities pushed Robinhood Chain past Solana in tokenized stock volume in late July. Pump.fun is now offering the same setup on its own bonding curve and routing half of the fees into buying its token.
Pump.fun said bonding curve fees and PumpSwap protocol fees on Custom Pairs match those on standard launches, and that 50% of revenue will go to the programmatic PUMP buyback-and-burn contract. In April, the company said it had burned about $370 million worth of bought-back PUMP, roughly 36% of circulating supply, and would commit half of revenue to buybacks for one year. The Defiant later reported that those buybacks had topped $400 million while the token remained flat.
Twenty U.S. stocks arrive through Backpack Securities
Twenty of the pair assets are newly minted tokens for this rollout. Sunrise, the Solana asset-listing platform that routes assets through Wormhole’s Native Token Transfers framework, said it brought 20 U.S. stocks to Solana issued by Backpack Securities. Backpack Securities holds the underlying shares and redeems its tokens 1:1 for real stock.
The 20 names listed by Pump.fun are Boeing, Alibaba, Webull, Costco, Dell, Trump Media, Hims & Hers, IBM, Johnson & Johnson, Lockheed Martin, Lululemon, MGM Resorts, Pfizer, Quantum Computing Inc., Roblox, Reddit, Rivian, Shopify, Snap and UPS.
Pump.fun put the full number of supported pairs at 93 across Sunrise and xStocks, the tokenized equity line issued by Backed Finance.
Liquidity remained below $3.1 million across the selector
Pump.fun said in its announcement that the new pairs offer 「deeper liquidity & lower fees than anywhere else」. Its own pair selector, as read at 4:50 p.m. ET, showed thinner liquidity than SOL or USDC pairs.
Wrapped ETH had the deepest liquidity in the selector at $3.07 million. Backpack’s Micron token showed $2.94 million, and its SK Hynix token showed $2.16 million.
Among the xStocks assets, the S&P 500 token held $1.35 million of liquidity, the Nasdaq-100 token $1.28 million, Nvidia $1.13 million and Circle $1.07 million. Tesla showed $836,210, and wrapped BTC showed $607,490.
Pump.fun’s own thread said fees on Custom Pairs are set at the same level as a SOL or USDC launch.
No published fee tier yet for stock-denominated pools
Pump.fun’s published fee schedule was last updated on May 20, 2026, and only covers pools denominated in SOL and USDC. On the bonding curve, the flat charge is 1.25% in both cases, split into 0.3% for the creator and 0.95% for the protocol. Graduated PumpSwap pools use a sliding scale tied to a coin’s market cap measured in SOL or USDC, with fees running from 1.25% down to 0.3%.
That page carries no schedule for pools quoted in tokenized stocks and does not explain how a market cap quoted in an asset such as tokenized Nvidia would map onto those tiers. The same document dates USDC pairs to May 21, the day after its last revision.
Creator rewards are paid in the quote asset
According to Pump.fun’s FAQ, creator fees on Custom Pairs are paid in the quote asset. A coin paired with tokenized Nvidia pays creator rewards in tokenized Nvidia. The FAQ sets the flat creator fee at 0.05% to 1%, while the create form accepts inputs from 0.01 to 1.
Creators can also choose Cashback, which routes rewards to traders at 0.3% on the bonding curve and 0.05% after graduation. Fee sharing can include as many as 10 recipients and becomes locked once applied, with one further update allowed after a community takeover.
Pairings are permanent. Existing coins cannot be converted into Custom Pairs, and Mayhem mode, Pump.fun’s volatility setting, works only with SOL and USDC.
The first launches used wrapped BTC, not stocks
The first Custom Pair pools were not stock-denominated. GeckoTerminal data showed that at least seven opened between 4:48 p.m. and 4:56 p.m. ET, within 20 minutes of the announcement, all quoted in wrapped BTC and each holding reserves of roughly $3,200 to $3,800.
Those coins were Pumpfolio, BITTY, BTC, Sirius, Alpaca, MIM and BİTCAT, all paired against wrapped BTC. By 5:00 p.m. ET, no stock-quoted launch had appeared.
Stock-priced memecoins had already appeared on Solana via Raydium
Memecoins quoted in tokenized stocks were already trading on Solana before Wednesday, but on Raydium rather than Pump.fun. Nine pools pairing a memecoin with the Nvidia xStock opened between Sept. 6 and Sept. 9.
CHATON launched on Sept. 8 and posted $159,881 in 24-hour volume against $16,618 of liquidity. GPU, launched Wednesday morning, did $126,088 against $14,948 of liquidity. The rest were VIDIA, CHIP, CHIPS, COMPUTE, DLSS5 and SPAGHETTI.
The deepest Nvidia xStock pool on Solana remains the USDC pair on Raydium’s concentrated liquidity market maker, at $2.12 million.
Platform says third parties control the asset rights
Pump.fun ended its thread with a disclaimer saying its platforms do not offer the purchase or sale of stocks, ETFs or other securities, that the tokenized pairs are issued by third parties that control all rights associated with the underlying assets, and that it does not offer services to UK residents.
According to rwa.xyz, tokenized stocks are a $2.93 billion market, up 10.27% over 30 days across 3.05 million holders. xStocks accounts for $631.2 million of that total across 737 assets.
PUMP fell after the announcement
CoinGecko data showed PUMP trading at $0.004287 on Wednesday evening, down 0.4% over 24 hours, with a market capitalization of $1.786 billion and 24-hour volume of $344.3 million. The token was trading near the bottom of its 24-hour range of $0.004259 to $0.004821.
GeckoTerminal data for the PumpSwap PUMP/USDC pool showed PUMP at $0.004349 in the five minutes around the post and at $0.004283 20 minutes later. The decline had started earlier, with PUMP opening the 3 p.m. ET hour at $0.004727.
According to DefiLlama, Pump.fun generated $1.27 million in fees over 24 hours and $46.34 million over 30 days, of which $35.38 million reached the protocol. Since March 2024, the platform has earned $1.214 billion in fees.
Market and onchain data in the report were retrieved on Sept. 9, 2026, at around 5:00 p.m. ET.