# Ferrari’s RACE Tokenized Stock Launches on Solana With 24/7 Trading

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/27158
Published: 2026-10-07T01:53:13.000Z
Updated: 2026-10-07T01:53:13.000Z
Section: Business

> Backpack Securities issued the token through Sunrise. Each RACE token is backed by one Ferrari share held in regulated custody, with redemption for traditional share rights.

Ferrari’s RACE tokenized stock launched on Solana on Oct. 6, giving holders around-the-clock trading access to a token backed by a share of the automaker and a path to redeem traditional share rights.

Backpack Securities issued RACE through the Sunrise asset gateway. Each token corresponds to one Ferrari share held in regulated custody. Holders can seek redemption through Backpack Securities for traditional stock rights, including participation in dividends and corporate actions.

The token is available through Phantom, Jupiter and Raydium. Unlike shares traded on conventional exchanges, RACE can trade 24 hours a day, according to the launch details.

Backpack plans to increase the number of tokenized stock tickers available on Solana from about 200 to 10,000. The expansion is planned; no timeline was provided.