Backpack Securities Launches Tokenized Intel Shares on Solana via Sunrise

Backpack Securities, a U.S.-regulated entity, has announced the launch of tokenized shares of Intel (INTC) on the Solana blockchain via its Sunrise protocol. These tokens, backed 100% by Intel shares, are now tradable on Raydium, a major decentralized exchange (DEX) in the Solana ecosystem. This initiative aligns with the growing trend of tokenizing traditional assets, allowing investors to access shares of major tech companies without relying on traditional stock markets. What happened The tokens representing Intel shares were issued on Solana with a 1:1 ratio, ensuring full backing by the underlying assets. They are tradable on Raydium, where trading pairs against USDT and USDC are available. Solana, known for its speed and low transaction costs, is positioning itself as a key platform for the tokenization of real-world assets (RWA). No precise data on initial trading volume has been disclosed, but Raydium processes an average of $500 million daily on Solana. Why it matters This initiative strengthens the credibility of security tokens and could expand access to Intel shares for international investors, particularly those constrained by traditional infrastructure. Solana, with a total value locked (TVL) estimated at $4.2 billion and a 12% growth over the past seven days, is becoming a central player in this space. The tokenization of major stocks like Intel could accelerate blockchain adoption by financial institutions, reducing their reliance on traditional systems. However, this initiative remains subject to strict regulatory frameworks. While Backpack Securities is a regulated entity, no information is available regarding potential SEC registration. Regulatory clarification could significantly influence the development of this market. Key points to watch Trading volume : An increase in volumes on Raydium for Intel tokens could confirm market interest and attract more investors. Regulatory reactions : A stance from the SEC or other regulators on tokenized stocks could either accelerate or hinder this sector. Expansion of RWAs : If other tech stocks (such as NVIDIA or AMD) are tokenized on Solana, it could create a beneficial network effect for DEXs and tokenization protocols. Liquidity : Initial volumes may be low, limiting appeal for large institutional investors. Competition : Other platforms, such as Ondo Finance or Maple Finance, may capture part of this developing market.