Backpack’s tokenized $GRND stock recorded $14.1 million in trading volume within 120 minutes of its September 10 launch on Solana through Backpack Securities, the regulated brokerage arm of the Backpack exchange. The volume was 302% above Grindr’s $3.51 million NYSE turnover and represented 52% of its average daily trading volume. A separate Solscan reading showed approximately $11.1 million within 24 hours, indicating that the initial burst drove most activity. The launch highlights Backpack’s broader tokenized-equity program, in which tokens are backed 1:1 by U.S. shares held in regulated custody and trade around the clock on Solana-based decentralized exchanges. The platform has added more than 20 tokenized stocks, including SpaceX’s $SPCX, and supports dividend tracking and the use of equity tokens as collateral for perpetual contracts.