Backpack Launches Tokenized Micron on Solana Ahead of Wednesday Earnings

MU3.71%
Backpack Securities launched tokenized Micron stock ($MU) on Solana on Monday, ahead of the chipmaker's earnings report on Wednesday. Each MU token is backed 1:1 by real Micron shares held in custody by Backpack and is redeemable into traditional brokerage accounts. Unlike Nasdaq-listed MU shares, the tokenized version trades 24/7 on-chain, allowing investors to trade around earnings reports, weekends, and across time zones. The launch was made in partnership with Sunrise decentralized finance.
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