Ferrari Shares Tokenized on Solana via Sunrise and Backpack
Backpack Securities has launched $RACE tokens on the Solana blockchain, offering 1:1 backing by Ferrari NV shares and enabling 24/7 trading across decentralized platforms.
Investors can now gain exposure to Ferrari NV through tokenized shares on the Solana network. The $RACE tokens, which went live on October 6, 2026, are issued by Backpack Securities and distributed through the Sunrise asset gateway.
Each $RACE token represents a 1:1 claim on an actual Ferrari share held in regulated custody. Holders have the option to redeem their tokens for traditional stock entitlements through Backpack Securities. The contract address for the token is RACEyWiM2ztEZcJx2AHXU2eWjhxU57x3vXn92b39dLD.
The integration allows for round-the-clock trading on decentralized exchanges and wallets, including Phantom, Jupiter, and Raydium. The tokens are designed to support dividends and corporate actions.
This launch follows a previous initiative involving tokenized SpaceX shares that began in June 2026. Backpack Securities currently supports 200 tokenized stock symbols on Solana and has stated an objective to increase that number to 10,000.
Market participants may be watching to see if $RACE generates significant trading volume, as liquidity is essential for the product's utility. Other factors to monitor include the efficiency of the redemption process, the handling of dividends, and how closely the token price tracks the underlying Ferrari share price during hours when traditional markets are closed.
