Tokenized Stocks on Solana
Pump.fun launches tokenized-asset trading pairs including major U.S. equities on Solana.
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Key Points
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Creators can distribute Creator Fees among up to 10 recipients. The allocation is locked after launch, although a community takeover can unlock the configuration for one update by the new coin administrator.
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The initial tokenized U.S. stocks were issued through Backpack Securities and made available on Solana via Sunrise’s infrastructure, while the underlying shares are held by Backpack Securities and the tokenized representations can be redeemed 1:1 for the original stocks.
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Liquidity remained concentrated and shallow: the deepest of the newly supported quote assets had about $3.07 million in liquidity at launch.
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Pump.fun’s expansion follows competition from Robinhood Chain, where memecoins paired with tokenized equities helped the network surpass Solana in tokenized-stock trading volume in late July.
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The new pairs extend a buyback policy under which Pump.fun had already reported burning roughly $370 million of repurchased PUMP—later reported at more than $400 million—while the token price remained broadly flat.
Pump.fun rolled out Custom Pairs on Solana, letting creators issue tokens quoted against 93 assets beyond SOL and USDC. The launchpad now supports tokenized U.S. stocks like Tesla and Boeing, wrapped Bitcoin and Ether, metals, and other real-world assets KuCoin. The feature marks a major shift for the platform as it chases tokenized-equity trading volume that rivals like Robinhood Chain have already captured.
Twenty U.S. equities launched in the initial rollout through Sunrise and Backpack Securities, with shares held by Backpack and redeemable 1:1 for actual stocks Bankless. Pump.fun will send half of Custom Pairs revenue to its buyback-and-burn contract for PUMP tokens, though early liquidity pools remain shallow—the deepest quote asset had just $3.07 million at launch Yahoo Finance.
How Creators Set Up Custom Tokens and Fees
Creators can issue tokens paired with any of the 93 supported assets and keep the same bonding-curve mechanics Pump.fun users know HokaNews. They set creator fees between 0.05% and 1%—or use cashback instead—with fees paid in whichever quote asset they pick. Creators can also split fees among up to 10 recipients, though the allocation locks after launch unless the community votes to unlock it for one update KuCoin.
Tokenized Stocks on Solana Through Backpack Securities
The 20 initial U.S. stocks include household names: Boeing, Alibaba, Costco, Pfizer, Shopify, and Tesla Yahoo Finance. Backpack Securities holds the underlying shares and issues tokenized versions on Solana via Sunrise's infrastructure. Token holders can redeem their holdings 1:1 for the real stocks, giving users direct exposure without leaving Solana HokaNews.
Racing to Match Robinhood Chain's Trading Volume
Robinhood Chain surpassed Solana in tokenized-stock trading volume in late July, partly by pairing memecoins with tokenized equities HokaNews. Pump.fun's Custom Pairs move directly challenges that momentum. The expansion shows how aggressively launchpads are competing for activity in tokenized assets—a growing but still-thin market where liquidity can make or break adoption.
Buyback Program Burns Hundreds of Millions in PUMP
Pump.fun has burned more than $400 million of repurchased PUMP tokens through its buyback-and-burn contract Bankless. Custom Pairs revenue will send 50% to this program going forward. Despite the massive burn, PUMP's price has stayed broadly flat, suggesting the token's value depends less on supply reduction and more on future revenue growth and user adoption Yahoo Finance.
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