$SNDK Tokenized Stock Launches on Solana Blockchain with 24/7 Trading

The Solana blockchain has taken another major step forward in its mission to create an on-chain stock exchange. On June 24, the SOL Foundation announced the launch of $SNDK, a digitized version of SanDisk's publicly traded stock. This token is issued by Backpack Securities and runs through Sunrise DeFi infrastructure.

$SNDK can be traded right now inside any major Solana app, 24/7, which is a significant advantage over traditional stock markets that close at 4 PM US time. The SanDisk news marks the second major tokenized stock on Solana, after SPCX, the SpaceX token that crossed $86 million in volume on its first day.

Backpack CEO Armani Ferrante has signaled that this is just the start, and more digitized equities are in the pipeline. The SanDisk launch confirms that Backpack is moving fast, with each new listing adding volume, users, and credibility to Solana's growing on-chain equity market.