Solana said 20 additional stocks issued by Backpack Securities have gone live on its network through Sunrise. The rollout expands on-chain access to equity exposure, while platform disclosures restrict who may hold the tokens and define limitations on the rights buyers receive.

The announcement, posted on September 9, 2026, describes the release as an addition to the existing catalog rather than a statement of the platform’s total offering. Solana said the equities were issued by Backpack Securities and made available through Sunrise.

Twenty stocks added through Sunrise

The named tickers are BA, BABA, BULL, COST, DELL, DJT, HIMS, IBM, JNJ, LMT, LULU, NET, PFE, QUBT, RBLX, RDDT, RIVN, SHOP, SNAP and UPS.

Solana said all 20 stocks can be reached through applications including Backpack, Fomo, DFlow, Titan, Phantom, Jupiter, Pump.fun, Solflare, Kamino Swap, Raydium and Mayan. It directed users to a verification page to confirm the relevant addresses. Availability on each application was not independently tested.

The three named parties have separate roles in the rollout. Backpack Securities is identified as the issuer, Solana is the blockchain network on which the assets are deployed, and Sunrise is the route through which the tokens go live. The distinction is material because it does not support treating any one party as simultaneously issuing, hosting and guaranteeing the assets.

Sunrise’s terms of service identify the service provider as Sunrise Software, LLC. Backpack/Trek disclosures say Sunrise provides an interface to third-party Solana liquidity and does not issue, custody or redeem the tokens or the underlying assets. On that description, Sunrise functions as a distribution and interface layer rather than an exchange, broker or issuer in its own right.

The disclosures also outline the structure of the tokens. Backpack/Trek Tokenized Equities are described as digital trust receipts that may evidence a potential pro rata beneficial entitlement, if any, in a pool of underlying assets. The issuance is attributed to Trek Nexus Markets Ltd. The terms state that holding the tokens provides neither equity in the underlying issuer nor rights to a specific identifiable underlying asset.

That model is related to, but separate from, the equity-linked staking structure described in coverage of the Backpack Token pre-IPO offering.

Sunrise statement on the launch

Sunrise publicly welcomed the release. Its statement credited partners that it said make batched listings possible. Because Sunrise is a directly involved commercial participant, the statement is not an independent assessment.

20 stocks. All at once. Partners like @orca_so and many others make listings like this possible. More markets, together. 🌅 pic.twitter.com/mfsHQBLkmK — Sunrise (@sunrise) September 9, 2026

20 stocks. All at once.

Partners like @orca_so and many others make listings like this possible.

More markets, together. 🌅 pic.twitter.com/mfsHQBLkmK

— Sunrise (@sunrise) September 9, 2026

Source: @sunrise on X: https://x.com/sunrise/status/2097792787110604893?ref_src=twsrc%5Etfw

Restrictions and limits on holder rights

The rollout makes additional stock tickers reachable through Solana wallets and decentralized exchanges, but the same disclosures set restrictions on eligibility and ownership rights. Sunrise states that the tokens are unavailable to U.S. persons, PRC residents as defined in its documentation, other prohibited persons and residents of restricted jurisdictions.

As a result, the appearance of a ticker on a listed application does not by itself establish that a particular user is eligible to access it or that the user would receive the rights associated with ordinary shares. Eligibility, the applicable contractual terms and the status of any specific token remain separate questions.

Redemption rights are also narrower than those associated with ordinary share ownership. Sunrise warns that secondary-market buyers may have no direct redemption or beneficiary rights against Trek or the underlying assets, except in limited circumstances. The platform also states that the tokens do not have deposit insurance or investor-compensation coverage.

The tokenization arrangement is separate from the on-chain compliance monitoring cited in enforcement cases involving Chainalysis-flagged illicit transfers. In this offering, buyers rely on the applicable contractual terms rather than a regulator’s backstop.

Several points remain unverified. The claim that all 20 contracts are live, correctly backed, liquid and executable on every named application was not independently checked. Contract addresses, asset backing and execution remain unverified in the available source material.

In addition, Sunrise’s contractual statement concerning how the tokens are treated under British Virgin Islands law represents the platform’s own position. It is not an independently verified legal conclusion or a determination by a regulator.

What the announcement does not establish

The available material identifies the issuer, network, distribution route and ticker list, but it does not establish regulatory approval. No official governmental regulatory or policy document was obtained for this review. The disclosures describe qualified beneficial entitlements rather than ordinary direct ownership of shares. Availability on a blockchain should not be equated with regulatory permission or unrestricted access.

For background only, SOL was trading at $101.89, down about 1.2% over 24 hours, with a market capitalization of approximately $59.7 billion at the time of the snapshot. No causal relationship between SOL’s price and the stock listing was established. The broad crypto sentiment index stood at 69, in “Greed” territory, although that measure reflects the wider crypto market rather than views on these specific stocks.

Independent reporting on the rollout, issuer-specific offering documents, licenses, asset-backing attestations and on-chain mint records were not obtained in this review. Comparisons with other on-chain expansions, including recent DeFi treasury activity such as the GMX DAO buyback, should therefore distinguish between a verified product announcement and execution details that remain unverified. The announcement should not be treated as evidence of a settled regulatory event.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always conduct your own research before making decisions.