Sunrise, a DA-layer interoperability protocol, has partnered with Backpack Securities to list the tokenized stock of Micron Technology (MU) on the Solana blockchain. Backpack Securities, a regulated U.S. brokerage, issued these tokenized shares to offer traditional equity on-chain for Solana ecosystem users.
Under the arrangement, users can access MU tokenized stocks via Sunrise's liquidity coordination and full-ecosystem distribution network. For those seeking physical shares, redemption is available through the Backpack platform, with the resulting shares transferable to any traditional brokerage account via ACATS/DTCC. This design bridges crypto assets with legacy financial infrastructure.
Sunrise is a Solana-native asset onboarding gateway built by Wormhole Labs, focusing on cross-chain liquidity and distribution. The partnership represents further adoption of tokenized securities within the Solana ecosystem.