Sunrise launches tokenized SanDisk stock $SNDK on Solana

Sunrise and Backpack Securities have brought SanDisk-linked $SNDK and memory-chip-themed $DRAM tokenized products to Solana, extending 24/7 onchain access to equity and ETF-style exposure as tokenized-stock trading volume reaches $644 million.

SOL

32d ago

Fact Check

Every element of the claim is corroborated. The official Solana X account directly announced $SNDK from SanDisk via Sunrise, issued by Backpack Securities. Solana Compass and CryptoBriefing confirm the 24/7 onchain SanDisk equity, backed 1:1 by real shares. A separate CryptoBriefing article confirms the $DRAM (Roundhill Memory ETF) memory-chip-themed tokenized product on Solana via Sunrise. The $644M tokenized-stock daily volume record is confirmed in the dedicated CryptoBriefing article. The only minor clarification is that Sunrise is built by Wormhole Labs with Backpack Securities serving as the regulated issuer/custodian, consistent with the claim's framing of them as joint partners.

Summary

Sunrise has expanded tokenized traditional-market products on Solana, including the launch of tokenized SanDisk stock $SNDK and the listing of $DRAM, a tokenized ETF tied to memory-chip exposure. Backpack Securities officially issued the stock-linked $SNDK token via Sunrise for 24/7 DeFi trading. The rollout comes as Solana’s tokenized stock trading volume has climbed to an all-time high of $644 million, highlighting rising demand for onchain access to equities and ETF-style products even as regulatory uncertainty, custodial dependencies and volatility risks remain key constraints.

Terms & Concepts

tokenized stock: A blockchain-based token designed to track the value of a publicly traded stock.
tokenized ETF: An exchange-traded fund represented as blockchain tokens.
DeFi: Decentralized finance, or blockchain-based financial services that operate outside traditional intermediaries.