Backpack Surges as Solana RWA Takes Off

@Backpack's native token $BP surged roughly 13% in 24 hours as momentum builds around @Solana's fast-growing real world assets (RWA) ecosystem. The move comes as Backpack Securities pushes deeper into tokenized equities, announcing zero trading fees on all US stocks through July to drive adoption and expand its on-chain securities lineup.

Solana Dominates Tokenized Equity Trading

The numbers behind Solana's RWA rise are striking. Solana recorded its biggest week ever for tokenized equities, reaching $1.29 billion in trading volume and capturing 95% of all global trading activity. Tokenized stocks on Solana reached $4.9 billion in trading volume during the first half of 2026, a sixfold increase from H2 2025, while cross-chain tokenized stock trading volume hit a record $5.3 billion in May alone, a 44% jump from April. Distributed RWA value on Solana has now reached $3.3 billion, with unique RWA holders on the network topping 260,000.

Solana has surpassed all other blockchain networks by the number of wallets holding tokenized real-world assets, with nearly 286,000 RWA wallets reported as of mid-June, according to data from RWA.xyz. Tokenized assets also reached 17% of Solana spot volume on June 23, surpassing memecoins at 12% for the first time, with daily equity volume hitting a record $644 million on June 24.

Backpack at the Centre of the Action

Backpack Securities sits at the heart of this activity. The platform bridges real equity ownership with tokenized asset representation, delivering access to conventional stock market infrastructure alongside blockchain-powered transfer capabilities. Backpack Securities launched its SPCX token on Solana on June 11 and 12, 2026, to coincide with SpaceX's Nasdaq IPO, reportedly the first time a newly listed equity had a simultaneous on-chain market. By the end of its first week, Backpack reported $439 million in SPCX trading volume, representing 91.7% of all tokenized SpaceX volume across any chain.

Fresh tokenized stocks continue to go live on the platform. SanDisk ($SNDK) began trading on Solana on June 24, backed 1:1 by real shares held at Backpack Securities. Holders can redeem tokens for the underlying equity and transfer those shares into any traditional brokerage account through ACATS and DTCC settlement rails, the same infrastructure that moves stocks between major brokerages. Trading runs 24 hours a day, five days a week.

With Solana capturing record volumes and platforms like Backpack reshaping liquidity, the sector is becoming a structural bridge between crypto and public markets, rather than a niche experiment. The combination of zero-fee promotions, expanding token listings, and a growing holder base suggests the platform is betting heavily that on-chain equities have reached a turning point.

Sources:
AMBCrypto: The $1B tokenized stock breakthrough on Solana
Crypto Briefing: Solana tokenized stocks volume surges to $4.9B in H1 2026
Cryptopolitan: Solana tops all blockchains in real-world asset holders