# Backpack Onchain Launches Tokenized Cerebras Systems Stock on Solana

By Simon Yoon

Canonical URL: https://www.tokenpost.com/news/technology/26893
Published: 2026-10-05T22:02:23.000Z
Updated: 2026-10-05T22:02:23.000Z
Section: Technology

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

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.