Nike tokenized equity launches on Solana via Sunrise, issued by Backpack Securities.
RWA & Tokenization ·
Tokenized equity for Nike has launched on the Solana blockchain through Sunrise, with Backpack Securities serving as the issuer. The move represents another step in bringing traditional stock ownership onto onchain markets, where equity instruments are being re-implemented across blockchains and tokenization platforms.
Equity in its traditional form represents an ownership claim on a company's residual value, typically through shares that grant holders economic upside and voting rights. Tokenization of such instruments preserves this core concept of shared risk and reward while blurring lines between conventional stock exchanges and decentralized onchain markets. Public company shares normally trade through centralized exchanges during set hours; their onchain counterparts aim to enable continuous settlement and fractionalized ownership on blockchain networks.
Details on Nike's tokenized equity structure—including whether it carries full governance rights, dividend entitlements, or other material terms—have not been specified in available reports. The regulatory treatment of such offerings in major jurisdictions and the total capitalization or share count remain unclear.