Backpack Securities and Sunrise launch tokenized Micron shares on Solana, where MU trades 24/7 through the company's June 24 fiscal Q3 earnings release.
- Backpack Securities and Sunrise have launched tokenized Micron Technology shares on the Solana blockchain, enabling 24/7 trading.
- This launch precedes Micron's fiscal Q3 earnings release, highlighting the potential for continuous price discovery during traditional market closures.
- The tokenized shares are backed 1:1 by actual Micron shares held in custody, offering redeemability and full corporate action benefits, differentiating them from synthetic price trackers.
Topics: Asset types, Blockchain usage, Institutional adoption, Equity, Ethereum evm l 1 s, Asset manager initiatives
Tags: #tokenizedshares #micron #solana #backpacksecurities #sunrise #earnings #247trading #acatsdtcc #hbm #aieconomy
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