Solana’s tokenized-equity market has reached a record supply of more than $465 million, with the network accounting for roughly 95% of decentralized tokenized-equity spot volume. Backpack Securities, launched in June 2026, represents about 5% of Solana’s tokenized-equity supply but more than 50% of weekly trading volume after listing SpaceX, Micron, Moderna and Eli Lilly through the Sunrise liquidity gateway. The market operates around the clock on decentralized venues including Jupiter and Raydium, while tokenized shares can be used across DeFi as collateral, swapped or routed through liquidity protocols. Backpack also supports redemption to traditional brokerage accounts. The growth forms part of Solana’s wider real-world-asset expansion, with cumulative ecosystem transaction values reaching multi-billion-dollar levels earlier in 2026.