Every asset has a sunrise. New stocks, commodities, and more, tradable across Solana the moment they list. 🌅
Solana Beach, CA
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Sunrise retweeted
Issued by Backpack Securities, $TSLA is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for Tesla shares
▸ Transferable to traditional brokerages
Tesla designs and manufactures electric vehicles and energy storage systems, and develops AI technologies for autonomous driving and robotics.
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$TSLA is redeemable 1:1 for the traditional share and transferable to traditional brokerages.
Learn more: support.backpack.exchange/ba…
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Sunrise retweeted
Sunrise CEO Saeed Badreg says stablecoins went from $27B to $308B in 6 years, and tokenization is next
“No one could predict that a crypto company like Tether would shoot up to the top 10 in US debt buyers in the world, beating out countries, major European countries, major, major economies around the world.”
“Only six years ago, we had $27 billion in stablecoins. It’s been absolutely accelerating to $308 billion today.”
“A lot of that activity happens in Asia. Around two-thirds, people estimate.”
“They really believed that the infrastructure and the financial system that was in place at the time sufficiently served all or most of the demand cases out there. The market and this industry has proved that that was categorically false.”
“The same story is playing out in tokenization and equities and commodities and other financial assets.”
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Putting an asset onchain is one thing. Building a market people actually want to trade is another.
Issuance is only the beginning. Liquidity, distribution, and sustained activity are what make tokenization matter.
57x turnover is a compelling illustration of why that distinction matters. 🌅
Turnover is one way to test product market fit for tokenized equity issuers.
@Backpack x @sunrise equity tokens generated $1.61B in DEX volume against $28.1M of average circulating value. That’s 57× turnover in 30 days, versus 0.39× for Ondo.
Different distribution models, so this isn’t a complete like for like. But it captures something supply alone misses as getting it actively traded is the real test.
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Sunrise retweeted
Issued by Backpack Securities, $ABNB is now listed on @Solana with @Sunrise.
▸ Redeemable 1:1 for Airbnb shares
▸ Transferable to traditional brokerages
Airbnb operates a global marketplace where guests can book stays, experiences and services from hosts and other providers.
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Sunrise retweeted
We found an Airbnb that allows animals.
You can now launch coins paired with $ABNB, from @Airbnb, on StonkFun.
stonkfun.xyz/launch
Powered by @Sunrise and @Backpack.
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