Tokenized Bloom Energy ($BE) Now Available on Solana

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

Token details

About Bloom Energy

Bloom Energy Corporation (NYSE: BE) is an onsite power company headquartered in San Jose, California, incorporated in 2001. Its main product is the Bloom Energy Server, a high-temperature solid oxide fuel cell system that turns natural gas, biogas or hydrogen into electricity through an electrochemical process rather than combustion, letting a site generate its own power instead of drawing it from the grid. It also sells the Bloom Electrolyzer, which produces hydrogen, and it manufactures its systems in the United States. Customers span data centers, semiconductor plants, utilities, hospitals, universities and retailers.

Moving between $BE and traditional BE shares

$BE and traditional Bloom Energy Corporation (NYSE: BE) shares are convertible 1:1 through Backpack Exchange. The flow works the same way as depositing or withdrawing a stablecoin.

Withdraw a share of Bloom Energy from Backpack Exchange to tokenize it into $BE on Solana.

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

How to trade $BE

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

$BE 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 $BE, are:

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