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Tokenized Chipotle stock CMG is tradable on Solana

Backpack Securities issued CMG and says the token is redeemable 1:1 for Chipotle shares. Sunrise lists the mint. Raydium says CMG trades there.

SOLANA·HUB Editorial

On 13 October, Backpack Securities announced the CMG token on X, listed on Solana with Sunrise. In the post, Backpack says CMG is redeemable 1:1 for Chipotle Mexican Grill shares and transferable to traditional brokerages.

Sunrise names the mint CMGi497VQA9RiHVWpQi5B847vN8RLaEwcMhB5kEUhkAQ and calls it the canonical CMG address on Solana. Onchain, the name is “Chipotle Mexican Grill - Backpack Securities”, the symbol is CMG, and there are 6 decimals. Sunrise’s page data lists the United States and Canada as blocked regions.

Raydium says CMG is tradable on Raydium, around the clock on Solana via Sunrise and Backpack Securities. Sunrise dates the start to 13 October. How an earlier stock in the same series is set up is in the Riot stock report.

Sources

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