Ferrari's tokenized stock RACE launches on Solana, effective October 6

Odaily News: Ferrari NV's tokenized stock RACE has launched on Solana through the Sunrise asset gateway, with Backpack Securities serving as the issuer, effective October 6. Each RACE token is backed 1:1 by one actual Ferrari share held in regulated custody, and holders can redeem it for traditional stock equity through Backpack Securities. The token supports trading venues such as Phantom, Jupiter, and Raydium, offers 24/7 trading, and allows participation in dividends and corporate actions; Backpack plans to expand the number of tokenized stock tickers on Solana from about 200 to 10,000.