Solana said 20 more stocks issued by Backpack Securities have gone live on its network via Sunrise, an expansion that widens on-chain access to equity exposure while carrying platform disclosures that restrict who can hold the tokens and limit what buyers are actually entitled to.
The announcement, posted on September 9, 2026, frames the rollout as an addition rather than the full catalog: these are 20 more stocks, not a total offering count. Solana attributes the issuance to Backpack Securities and says the equities are live through Sunrise. For related coverage, see PolyNext Awards & Conference Dubai 2026: Advancing the Global Dialogue on Plastic Recycling and Circularity.
Additional stocks announced via Sunrise
20
The named tickers are BA, BABA, BULL, COST, DELL, DJT, HIMS, IBM, JNJ, LMT, LULU, NET, PFE, QUBT, RBLX, RDDT, RIVN, SHOP, SNAP and UPS. Solana says all 20 are reachable through apps including Backpack, Fomo, DFlow, Titan, Phantom, Jupiter, Pump.fun, Solflare, Kamino Swap, Raydium and Mayan, and directs readers to a verification page to confirm addresses. Availability on each app was not independently tested. For related coverage, see AINext Awards & Conference Dubai 2026: Where AI Leaders, Innovators and Decision-Makers Shape the Future of Artificial Intelligence.
How Backpack Securities, Sunrise and Solana fit together
The three named parties play distinct roles. Backpack Securities is the issuer of the equities; Solana is the network on which they are deployed; and Sunrise is the route through which the tokens go live. That separation matters because it stops readers from assuming any single party is simultaneously issuing, hosting and guaranteeing the assets.
Sunrise’s own terms identify the service provider as Sunrise Software, LLC, and the Backpack/Trek disclosures say Sunrise provides an interface to third-party Solana liquidity, and does not issue, custody or redeem the tokens or the underlying assets, according to the platform’s disclosures. In other words, Sunrise is described as a distribution and interface layer, not an exchange, broker or issuer in its own right.
The disclosures also describe the token structure itself. Backpack/Trek Tokenized Equities are framed as digital trust receipts evidencing a potential pro rata beneficial entitlement, if any, in a pool of underlying assets, with issuance attributed to Trek Nexus Markets Ltd. Holding the tokens confers neither equity in the underlying issuer nor rights to a specific identifiable underlying asset, the terms state. This is a related but separate model from the equity-linked staking seen in the Backpack Token pre-IPO structure.
Sunrise publicly welcomed the launch. The following statement from Sunrise credits partners it says make batched listings possible, and reflects a directly involved commercial participant rather than an independent expert.
20 stocks. All at once.
Partners like @orca_so and many others make listings like this possible.
More markets, together. 🌅 pic.twitter.com/mfsHQBLkmK
— Sunrise (@sunrise) September 9, 2026
Source: @sunrise on X
The fine print: who can hold, and what they are owed
The bull case is straightforward: more tickers reachable through popular Solana wallets and DEXs means broader, permissionless-feeling access to equity exposure. The bear case sits in the same disclosures. Sunrise states the tokens are unavailable to U.S. persons, PRC residents as defined in its documentation, and other prohibited persons or restricted jurisdictions.
Redemption rights are also narrower than ordinary share ownership. Sunrise warns that secondary-market buyers may have no direct redemption or beneficiary rights against Trek or the underlying assets except in limited scenarios, and that the tokens lack deposit insurance or investor compensation coverage. Backpack’s tokenization is separate from the on-chain compliance monitoring seen in enforcement cases such as Chainalysis-flagged illicit transfers, and buyers here are relying on contractual terms rather than a regulator’s backstop.
Two claims should be read with caution. The assertion that all 20 contracts are live, correctly backed, liquid and executable on every named app was not independently checked; contract addresses, backing and execution remain unverified. And Sunrise’s contractual assertion about how the tokens are treated under British Virgin Islands law is the platform’s own position, not an independently verified legal conclusion or a regulator determination.
What the announcement does not establish
The available source material confirms the issuer, the network, the distributor and the ticker list, but it does not amount to regulatory approval. No official governmental regulatory or policy document was obtained, and the disclosures describe qualified beneficial entitlements rather than ordinary direct share ownership. Blockchain availability should not be equated with regulatory permission or unrestricted access.
For background only, SOL traded at $101.89, down about 1.2% over 24 hours, with a market capitalization near $59.7 billion at the time of the snapshot; no causal link between the price and the listing has been established. Broad crypto sentiment sat at 69, in “Greed” territory, though that index measures the wider market rather than opinion on these specific stocks.
Independent reporting on the rollout and issuer-specific offering documents, licenses, asset-backing attestations and on-chain mint records were not obtained in this review. Readers weighing the listing against other on-chain expansions, such as recent DeFi treasury moves like the GMX DAO buyback, should treat the launch as a verified product announcement with unverified execution details rather than a settled regulatory event.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
