Tokenized Arm Holdings ($ARM) Now Available on Solana

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

Token details

About Arm Holdings

Arm Holdings plc (Nasdaq: ARM) is a British semiconductor design company based in Cambridge, England, started in 1990 as a joint venture between Acorn Computers, Apple and VLSI Technology. It does not manufacture chips. It licenses processor designs and instruction set architectures that other companies build into their own silicon, spanning CPU, GPU and neural processing designs used in smartphones, cars, data centers and embedded devices. Arm listed on Nasdaq in 2023 and remains majority owned by SoftBank Group.

Moving between $ARM and traditional ARM shares

$ARM and traditional Arm Holdings plc (Nasdaq: ARM) shares are convertible 1:1 through Backpack Exchange. The flow works the same way as depositing or withdrawing a stablecoin.

Withdraw a share of Arm Holdings from Backpack Exchange to tokenize it into $ARM on Solana.

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

How to trade $ARM

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

$ARM 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 $ARM, are:

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