Tokenized AMC Entertainment ($AMC) Now Available on Solana

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

Token details

About AMC Entertainment

AMC Entertainment Holdings, Inc. (NYSE: AMC) runs movie theatres across the United States and Europe, reporting through two segments, U.S. markets and International markets. Revenue comes primarily from box office admissions and food and beverage sales, so premium formats and in-theatre dining drive spend per guest as much as ticket count does. AMC holds eight of the ten highest grossing IMAX locations in the United States and is IMAX's largest partner in Europe through ODEON.

Moving between $AMC and traditional AMC shares

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

Withdraw a share of AMC Entertainment from Backpack Exchange to tokenize it into $AMC on Solana.

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

How to trade $AMC

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

$AMC 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 $AMC, are:

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