Tokenized Airbnb ($ABNB) Now Available on Solana

Backpack expands its tokenized stock lineup on Solana with Airbnb ($ABNB). Each $ABNB token is tradable 24/7 and redeemable 1:1 for a traditional share of Airbnb (Nasdaq: ABNB) through Backpack Securities.

Token details

About Airbnb

Airbnb, Inc. (Nasdaq: ABNB) is an online travel marketplace headquartered in San Francisco, started in 2007 and originally called AirBed & Breakfast. It connects hosts and guests across more than 220 countries and regions, taking a fee on bookings rather than owning the properties listed on it. Beyond places to stay, the platform now also covers experiences, which are activities run by local hosts, and services booked around a trip. Airbnb listed on Nasdaq in December 2020.

Moving between $ABNB and traditional ABNB shares

$ABNB and traditional Airbnb, Inc. (Nasdaq: ABNB) shares are convertible 1:1 through Backpack Exchange. The flow works the same way as depositing or withdrawing a stablecoin.

Withdraw a share of Airbnb from Backpack Exchange to tokenize it into $ABNB on Solana.

Deposit $ABNB from a Solana wallet to Backpack Exchange to convert it back into the underlying ABNB share held in Backpack Securities.

How to trade $ABNB

You can trade Backpack-issued $ABNB on Solana using Backpack Wallet.

$ABNB is also accessible across the Solana ecosystem, including decentralized exchanges, aggregators, wallets, and apps such as Backpack, fomo, Titan, Jupiter, Phantom, Solflare, Raydium, Kamino, and others.

Unlike most tokenized stocks that only track a price, tokenized securities issued by Backpack, including $ABNB, are:

• Redeemable 1:1 for real underlying shares
• Transferable to traditional brokerages