Tokenized Dutch Bros ($BROS) Now Available on Solana 

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

Token details

About Dutch Bros

Dutch Bros Inc. (NYSE: BROS) is a drive-thru beverage chain headquartered in Tempe, Arizona. Brothers Dane and Travis Boersma started it in 1992 with an espresso machine and a pushcart in Grants Pass, Oregon, and it has since grown past 1,200 company-operated and franchised shops, concentrated in the western and southern United States. Alongside espresso drinks it sells cold brew, tea, lemonade and its own Rebel energy drink.

Moving between $BROS and traditional BROS shares

$BROS and traditional Dutch Bros Inc. (NYSE: BROS) shares are convertible 1:1 through Backpack Exchange. The flow works the same way as depositing or withdrawing a stablecoin.

Withdraw a share of Dutch Bros from Backpack Exchange to tokenize it into $BROS on Solana.

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

How to trade $BROS

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

$BROS 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 $BROS, are:

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