Is Backpack Building the World's First On-Chain Stock Exchange? Solana Tokenized Stock Adds SanDisk — SNDK Now Tradeable 24/7 on Solana Apps. The SOL Foundation announced the launch of $SNDK
Solana Tokenized Stock Adds SanDisk — SNDK Now Tradeable 24/7 on Solana Apps.
The SOL Foundation announced the launch of $SNDK — a digitized version of SanDisk stock — on June 24. It's issued by Backpack Securities and runs through Sunrise DeFi. You can trade it right now inside any major Solana app.
Source: X official
This is the latest Solana news today is a big one.
SanDisk designs and makes NAND flash storage and solid-state drives. Its products power data centers, edge computing, and everyday consumer devices like laptops and phones. It's a real, publicly traded US tech company — now accessible as a token on Solana.
Here's how it works:SNDK is a tokenized version of SanDisk's publicly traded stock
It's issued by Backpack Securities, a licensed brokerage
It runs on the blockchain through Sunrise DeFi infrastructure
You can trade it on Jupiter, Raydium, and other blockchain apps right now
Trading works 24/7 — even when US stock markets are closed
That last point matters a lot. Traditional stock markets close at 4 PM US time. SNDK doesn't. You can trade it at midnight on a Sunday if you want.
It is the second major tokenized stocks, after SPCX — the SpaceX token that crossed $86 million in volume on its first day. The playbook is the same. It issues the token. Sunrise DeFi provides the on-chain infrastructure. Traders get access to a real stocks without needing a traditional brokerage.
The Solana news today live around digitized equities has been building for weeks. Ondo Finance added 200+ tokenized stocks. Moody's added credit ratings on-chain. KG Inicis — South Korea's largest payment gateway — is building stablecoin checkout on the blockchain. SNDK fits right into that story.
For traders, the opportunity is clear:Get exposure to SanDisk stocks price moves without a brokerage account
Trade outside US market hours when big news drops after closing bell
Use SNDK as collateral in the blockchain's DeFi protocols like Kamino
Access the token through wallets you already use — no new accounts needed
This is what the Backpack Securities Solana pipeline looks like in practice. One token at a time.
Backpack CEO Armani Ferrante has signaled that SPCX and SNDK are just the start. More digitized equities are in the pipeline. The SanDisk news of launch confirms that Backpack is moving fast.
Watch for the next Backpack tokenized stock announcement. Each new listing adds volume, users, and credibility to Solana's growing on-chain equity market. The chain already holds 97% of all digitized equity trading volume globally — and that number keeps growing.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Always conduct your own research before making any investment decisions.
