Backpack Securities has added BlackRock, one of the world's largest asset managers, to its growing lineup of tokenized equities. According to the company's announcement on X, its $BLK token is now live on Solana, giving users a blockchain-native representation of BlackRock shares that can be moved between wallets and traded on decentralized exchanges outside traditional stock market hours.

What Backpack Securities Offers

Backpack Securities is the brokerage and tokenization arm of Backpack, a platform built around Solana. Launched in June 2026, the unit was created with a single goal: letting users trade real US equities through regulated infrastructure.

The process extends beyond the initial purchase. Users can convert their stock holdings into tokenized versions that live on Solana and trade around the clock on decentralized exchanges. Each token is designed to be redeemable 1:1 for the underlying share.

The $BLK listing appears to be part of a broader rollout Backpack is conducting with Sunrise, its partner for token issuance and trading on Solana. BlackRock had been flagged as an anticipated addition to that pipeline ahead of the X announcement.

From One SpaceX Token to Hundreds of Stocks

Backpack's first tokenized stock was SpaceX, trading under the ticker $SPCX. That token went live the same day SpaceX began trading on Nasdaq.

By September 2026, the platform had listed roughly 200 tokenized stocks, with 20 new additions that month alone. CEO Armani Ferrante has described an ambition to eventually support 10,000 symbols, a figure that would cover a very large slice of the US equity market.

Ferrante has framed the broader effort as a matter of plumbing. He has said he wants a single API that ties traditional brokerage functions to decentralized finance, so developers do not have to stitch the two worlds together themselves.

The Numbers Behind the Tokenized Stock Push

Tokenized stocks on Solana recorded more than $4.9 billion in trading volume during the first half of 2026. In one measured week during 2026, Backpack-issued tokens held 73% of decentralized exchange market share for tokenized equities. That is the market $BLK now enters.

Why Tokenized Equities Are Getting Attention

Traditional stock markets keep set hours, and anything that happens after the closing bell has to wait until the next session. Tokenized versions trade 24/7 on decentralized exchanges. For a token like $BLK, that means market-moving news breaking outside exchange hours no longer has to wait for the next open to show up in trading.

Backpack's tokens are built to work with wallet-to-wallet transfers and DeFi applications, so a tokenized share could potentially be used inside other on-chain services rather than sitting idle in a brokerage account.

What This Means for Investors and the Market

For traders, the practical benefit is flexibility. A tokenized $BLK position can be moved, traded, or deployed on-chain at any hour, while still being tied 1:1 to an actual share.

Open questions remain, however. Holders of tokenized equities face uncertainty about how entitlements such as dividends and corporate actions flow through to the token. Liquidity is another variable, as off-hours markets for individual tokenized stocks can be thinner than the main exchange session. Those are the mechanics to watch as the rollout with Sunrise continues.