Meta Shares Go Onchain: $META Token Launches on Solana With 24/7 Trading and 1:1 Redemption
Key Takeaways
- ā¢Solana announced on October 21, 2026 that tokenized Meta Platforms shares, trading under the ticker $META, are live on the network through Sunrise.
- ā¢Each $META token, issued by Backpack Securities, represents one Meta share and can be redeemed for the underlying stock at 1:1 value, subject to eligibility requirements and account verification.
- ā¢Unlike Nasdaq-listed shares, $META trades around the clock, including outside regular market sessions, on weekends, and across time zones.
- ā¢Eligible investors can move Meta positions in both directions between Backpack brokerage accounts and Solana, where shares appear as $META tokens.
- ā¢The launch extends Backpack's existing tokenized stock model, already applied to securities such as RIOT and CMG, and adds Meta to Solana's expanding real-world asset portfolio.
Meta Platforms stock is now available onchain, as tokenized shares of the technology giant go live on Solana under the ticker $META. The token was issued by Backpack Securities and brought onto the network by Sunrise, giving crypto users a new route to tokenized exposure to a major U.S. public company. $META carries the same ticker as Meta's Nasdaq-listed shares, trades around the clock, and can be exchanged for conventional Meta shares at 1:1 value by users who qualify.
Tokenized Meta Shares Enter Solana Markets
Solana announced that $META had gone live through Sunrise, expanding the network's growing market for tokenized equities. Unlike shares listed on a traditional exchange, the token is not bound by standard trading hours and can change hands continuously, with each unit supported by Meta Platforms stock as its underlying asset.
Solana confirmed the launch in a post on X on October 21, 2026:
BREAKING: $META is live on Solana via @sunrise, issued by @Backpack Securities
ā Solana (@solana) October 21, 2026
According to Backpack, each $META token is equivalent to one META share and can be redeemed at 1:1 value on the company's securities exchange, subject to eligibility requirements and account verification. That redemption path is what ties the onchain token to the traditional share, since eligible holders can exchange one form for the other at matching value. The most prominently featured version on Solana is the META token carrying the mint address aH6MMZZgy2CTEJq3QdNi7AFVTV3NxHFBfFgLEDd. That Backpack-issued token appears in a Solana token directory, which also lists a handful of other tokens representing Meta.
$META Can Move Between Onchain and Brokerage Form
The conversion flow runs in both directions. A Meta share held with Backpack can be withdrawn to Solana, where it appears as $META; the token can later be deposited back into a Backpack account and converted into the equivalent traditional security.
That structure gives eligible investors a bridge between blockchain liquidity and conventional brokerage holdings, letting positions move between onchain markets and traditional rails without changing the underlying exposure. In practice, those eligibility requirements and verification steps determine whether a given holder can complete that round trip, making them the key mechanics to understand for anyone moving a position between onchain and traditional form.
The design is also in line with Backpack Securities' larger plans for tokenized stocks on Solana. Solana has previously described its tokenized securities as having a corresponding security issued through Backpack, held via a brokerage and custody structure and transferable at a 1:1 ratio.
24/7 Trading Pushes Tokenized Stocks Beyond Market Hours
One of $META's biggest advantages over trading through a conventional broker is its flexibility in operating hours. The token remains available on Solana outside regular market sessions, on weekends, and across time zones, removing the constraints of a fixed trading calendar. That means the token can be traded whenever an eligible user chooses, rather than only during fixed Nasdaq sessions. In effect, the stock of a major U.S. technology company can now change hands on the same always-on schedule as other tokens on the network.
The approach follows the same model Backpack already applies to other tokenized stocks, including RIOT and CMG among other securities, turning listed shares into 24/7 tradable tokens that can be redeemed 1:1 with the underlying stock through Backpack Securities.
$META will also trade within Solana's established trading ecosystem rather than as an isolated product. Solana has previously reported that tokenized equities on the network have recorded billions of dollars in cumulative, with some of that volume involving Backpack.
Solana Expands Its Tokenized Equity Market
Meta's arrival adds another familiar name to Solana's real-world asset portfolio, placing the company alongside a growing set of publicly traded firms whose shares are available in tokenized form on the network. Backpack has already issued token versions of numerous listed securities, and other platforms, such as Ondo, have also rolled out tokenized securities with around-the-clock trading available on their products. For readers comparing these offerings, the key differences sit in the mechanics: how each token is issued, whether it carries a redemption path to the underlying share at 1:1 value, and what eligibility requirements govern access to that conversion.
Source: Crypto Ninjas
