Powerus Corporation rang the Nasdaq bell on October 1, 2026, marking its arrival as a public company. By the next day, its stock had a second life on Solana — and the on-chain version was moving more money than the original.

The tokenized $PUSA share recorded $8 million in trading volume within four hours of its October 2 listing, a figure that more than doubled the dollar volume the Nasdaq-listed stock posted over the same window.

The Debut in Numbers

The token went live on October 2, 2026, through Backpack Securities using the Sunrise platform. Each $PUSA token is backed 1:1 by real Powerus common stock held in custody, and holders can redeem their tokens for the underlying shares — the redemption right that anchors the on-chain wrapper to the off-chain equity.

By the end of the first 24 hours, total trading volume for the token was reported at approximately $12 million.

Timing is the token's headline feature. Nasdaq keeps standard business hours, while the tokenized version trades continuously, including after the closing bell. That structure is the core proposition of tokenized equities generally: the same share, available in the hours an exchange is closed.

From Drone Contracts to a Nasdaq Listing

Powerus is a defense technology firm focused on autonomous drones and counter-drone systems. Its lineup centers on US-built autonomous aerial and maritime platforms, along with technology designed to knock unwanted drones out of the sky.

The company reached public markets by completing a merger with Aureus Greenway Holdings Inc. on October 1, 2026. It now trades on the Nasdaq Capital Market under the ticker PUSA — the tier of the exchange with lower initial listing requirements than Nasdaq's Global Market and Global Select tiers.

The listing followed a pair of notable contract wins. Powerus secured a defense purchase order worth approximately $2.5 million for FPV aircraft — first-person-view drones piloted through a live camera feed. It also holds a long-term US Air Force IDIQ contract for its Guardian-2 counter-drone system. IDIQ stands for indefinite delivery, indefinite quantity, a government contracting structure that sets a ceiling rather than a guaranteed payout. This contract is potentially worth up to $90 million through mid-2028, with the actual figure to be set by task orders issued under that ceiling.

Solana's Growing Tokenized Stock Scene

$PUSA did not arrive in an empty market. Tokenized equities on Solana have been building momentum, with platforms such as Backpack Securities and xStocks handling meaningful volumes.

Solana's tokenized equities market recently reported that 63% of trades occurred after traditional market hours — the same off-hours window where a listed stock sits idle and its tokenized counterpart does not.

For $PUSA, the nearest reference points are concrete: cumulative token volume measured against the Nasdaq-listed share, and the pace of Air Force task orders under the IDIQ ceiling through mid-2028.