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Backpack Onchain Launches Tokenized Cerebras Systems Stock on Solana

Backpack Securities issues CBRS, which holders can redeem for Cerebras Systems shares at a 1:1 ratio or transfer to traditional brokerages.

By Simon Yoon
Published
Mentioned assets
A share certificate rests beside a phone displaying a wallet interface / TokenPost.ai
A share certificate rests beside a phone displaying a wallet interface / TokenPost.ai

Backpack Onchain announced that CBRS, a tokenized stock of Cerebras Systems, launched on Solana through Sunrise on Oct. 6. Holders can redeem the token for company shares at a 1:1 ratio.

Backpack Securities issues CBRS, which can also be transferred to traditional brokerages.

Cerebras Systems designs and builds computing systems and software for inference, training and other AI workloads.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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