Tokenized Cerebras ($CBRS) Now Available on Solana

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

Token details

About Cerebras

Cerebras Systems Inc. (Nasdaq: CBRS) is an AI hardware company based in Sunnyvale, California. Its core product is the Wafer-Scale Engine, a processor built on nearly an entire 300 millimeter silicon wafer instead of being cut into many smaller chips, which the company packages into CS series systems and also rents out through its own cloud. Customers run AI training and inference workloads on those systems, either in their own data centers or through Cerebras. The company listed on Nasdaq in May 2026.

Moving between $CBRS and traditional CBRS shares

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

Withdraw a share of Cerebras from Backpack Exchange to tokenize it into $CBRS on Solana.

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

How to trade $CBRS

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

$CBRS 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 $CBRS, are:

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