BLK on Solana: Backpack Securities Tokenizes BlackRock Stock, Plus BE and PUSA
Backpack Securities has brought BlackRock stock to Solana as BLK via Sunrise, redeemable 1:1 and transferable to traditional brokerages. In the same week, Bloom Energy (BE) and Powerus (PUSA) were added.
What Happened
Backpack Securities listed the stock of asset manager BlackRock on Solana as BLK on October 2, via Sunrise. Per Backpack, the token is redeemable 1:1 for BlackRock shares and transferable to traditional brokerage accounts. It is issued by Backpack Securities.
Alongside the listing, Backpack published the official mint address and urged users to verify it before trading: BLKKYfF41c6xRPrtX1rdYbxLE1xxEdZUnxQsB5hcZ8Nf. Tokens with the same ticker but a different address do not come from Backpack Securities.
More Listings This Week
- BE (Bloom Energy): tradable around the clock via Sunrise and Backpack Securities since September 30, per Raydium. Bloom Energy builds fuel cell systems for on-site power generation.
- PUSA (Powerus): listed since October 2, also redeemable 1:1 for shares and transferable to traditional brokerages, per Backpack. Per Backpack, Powerus develops drone and defense technology.
The listings continue Backpack Securities’ series, most recently with COPX and SQQQ. How tokenized stocks on Solana work is covered in Tokenized stocks on Solana explained.
Tokenized stocks may be subject to securities rules depending on jurisdiction and are not tradable everywhere.
What to Watch
- How many more single stocks Backpack Securities lists in the coming weeks
- How wallets distinguish official mint addresses from same-name tokens
Sources
- Backpack Onchain — BLK listing · Official mint address · PUSA post
- Raydium — BE listing
- SOLANA·HUB knowledge: Tokenized stocks on Solana explained
- SOLANA·HUB news: Backpack Securities launches