Ferrari tokenized stock $RACE launches Solana network through Sunrise

Ferrari's tokenized stock $RACE has been launched on the Solana network through Sunrise Asset Gateway, issued by Backpack Securities, effective October 6th. Each $RACE is supported 1:1 by one actual Ferrari stock, and holders can redeem it as traditional equity through Backpack Securities. The token supports venues such as Phantom, Jupiter, and Raydium, supports 24/7 trading, and can participate in dividends and company activities. The Backpack plan will increase the number of tokenized stock codes on Solana from approximately 200 to 10000. (Source: CryptoBriefing)