Micron shares are now trading on Solana, and unlike on Wall Street, the market never closes.
Sunrise and Backpack Securities have tokenized Micron (NASDAQ: MU) stock and brought it live on Solana on June 22, just two days before the chipmaker reports its fiscal third-quarter earnings
Solana is one of the fastest blockchains in the world, processing thousands of transactions per second at a fraction of a cent, which is what makes 24/7, continuous trading of real-world assets practical at scale. The timing is deliberate. When Micron’s numbers land after market close on June 24, the Nasdaq will be shut but the tokenized version of the stock will keep trading around the clock.
How Sunrise and Backpack Securities tokenize a stock A tokenized share is not just a price tracker. Backpack Securities issues each MU token against a real Micron share held in custody, meaning every token is backed one-to-one by an actual share of the company. Holders can deposit their tokenized MU into Backpack Exchange and redeem it for the underlying share, which can then be transferred to a traditional brokerage.