Tokenized Amazon ($AMZN) Now Available on Solana

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

Token details

About Amazon

Amazon.com, Inc. (Nasdaq: AMZN) is a technology and retail company headquartered in Seattle, Washington, incorporated in 1994 and listed since 1997. It reports through three segments: North America and International, which cover retail sales of its own goods, fees from third-party sellers, advertising and Prime subscriptions through its regional sites, and Amazon Web Services, which sells compute, storage, database, analytics and AI services to companies, governments and startups. The company also makes consumer devices including Kindle, Fire, Echo and Ring, and produces its own media content.

Moving between $AMZN and traditional AMZN shares

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

Withdraw a share of Amazon from Backpack Exchange to tokenize it into $AMZN on Solana.

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

How to trade $AMZN

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

$AMZN 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 $AMZN, are:

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