Backpack Securities has launched a 1:1 stock-backed TTWO token on Solana, enabling wallet-based trading beyond Nasdaq hours as GTA 6 marketing builds ahead of its November 19 release.
Backpack Securities has launched a tokenized version of Take-Two Interactive Software's stock on Solana, allowing holders to trade a 1:1 redeemable claim on TTWO shares directly from compatible crypto wallets. The wrapped equity is structured as a direct claim on stock held through a dedicated custody vehicle rather than a synthetic instrument, and it trades with instant settlement outside Nasdaq's normal hours. Backpack CEO Armani Ferrante said investors hold full ownership of the underlying U.S. equities, backed by traditional exchange liquidity. The token last traded at $233.79, was flat over 24 hours, carried a market capitalization of about $288,438 and reached an all-time high of $238.10 on August 6, according to live BeInCrypto data. The listing adds to a broader push to bring equities onchain following Backpack's tokenized SpaceX shares in June and amid growing competition from platforms such as Robinhood Chain. The timing also coincides with mounting attention on Grand Theft Auto VI: Netflix will air an exclusive extended look on August 27 at 3 p.m. ET, before Rockstar Games posts it to YouTube and the official GTA VI site six hours later, ahead of the game's November 19 launch on PlayStation 5 and Xbox Series X|S. Take-Two's July filing projected more than $1 billion in fiscal 2027 cash flow, while 29 analysts tracked by S&P Global hold a Strong Buy rating on TTWO, with a consensus price target of $284.14, according to stockanalysis.com.