Tokenized Apple ($AAPL) Now Available on Solana

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

Token details

About Apple

Apple Inc. (Nasdaq: AAPL) is a technology company headquartered in Cupertino, California, founded in 1976. It designs and sells hardware including iPhone, Mac, iPad and wearables such as Apple Watch and AirPods, along with services such as the App Store, iCloud, Apple Music and Apple Pay. Apple does not run its own factories, with most hardware built by outsourcing partners in China mainland, India, Japan, South Korea, Taiwan and Vietnam. The company reports by region rather than by product line, through five segments: Americas, Europe, Greater China, Japan and Rest of Asia Pacific.

Moving between $AAPL and traditional AAPL shares

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

Withdraw a share of Apple from Backpack Exchange to tokenize it into $AAPL on Solana.

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

How to trade $AAPL

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

$AAPL 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 $AAPL, are:

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