Tokenized SanDisk stock SNDK launches for 24/7 DeFi trading on Solana

Backpack Securities officially issued the tokenized stock via Sunrise, extending round-the-clock onchain equity exposure to Solana-based traders.

Summary

Tokenized SanDisk stock, trading under the ticker $SNDK, is now live on Solana for 24/7 DeFi (decentralized finance) trading. The asset was officially issued by Backpack Securities via Sunrise, enabling onchain access to a stock-linked instrument outside traditional market hours.

Terms & Concepts
  • Tokenized stock: A blockchain-based token representing exposure to a publicly traded stock.
  • DeFi: Decentralized finance, or blockchain-based financial services without traditional intermediaries.
  • Solana: A blockchain network known for fast transaction processing and low fees.