Tokenized CoreWeave ($CRWV) Now Available on Solana

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

Token details

About CoreWeave

CoreWeave, Inc. (Nasdaq: CRWV) is an AI cloud company based in Livingston, New Jersey. It rents out computing power rather than building AI models or designing chips, running data centers filled with GPUs that AI labs, startups and large enterprises use to train and run models. The company started in 2017 as Atlantic Crypto, a cryptocurrency mining operation, took the CoreWeave name in 2019 as it moved into general high-performance computing, and listed on Nasdaq in March 2025.

Moving between $CRWV and traditional CRWV shares

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

Withdraw a share of CoreWeave from Backpack Exchange to tokenize it into $CRWV on Solana.

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

How to trade $CRWV

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

$CRWV 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 $CRWV, are:

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