Tokenized BlackBerry ($BB) Now Available on Solana

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

Token details

About BlackBerry

BlackBerry Limited (NYSE: BB) is a Canadian software company based in Waterloo, Ontario, founded in 1984 and known as Research In Motion until 2013. It stopped making phones years ago and now runs two divisions: QNX, which builds embedded software for cars, medical devices, robotics and industrial systems, and Secure Communications, which supplies certified secure messaging and crisis management tools to governments and regulated industries. QNX software runs in more than 275 million vehicles.

Moving between $BB and traditional BB shares

$BB and traditional BlackBerry Limited (NYSE: BB) shares are convertible 1:1 through Backpack Exchange. The flow works the same way as depositing or withdrawing a stablecoin.

Withdraw a share of BlackBerry from Backpack Exchange to tokenize it into $BB on Solana.

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

How to trade $BB

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

$BB 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 $BB, are:

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