Tokenized Global X Uranium ETF ($URA) Now Available on Solana

Backpack expands its tokenized securities lineup on Solana with the Global X Uranium ETF ($URA). Each $URA token is tradable 24/7 and redeemable 1:1 for a traditional share of the Global X Uranium ETF (NYSE Arca: URA) through Backpack Securities.

Token details

About the Global X Uranium ETF

Global X Uranium ETF (NYSE Arca: URA) is an exchange-traded fund managed by Global X Management Company that holds shares in companies tied to the uranium industry, covering mining, exploration, refining and the manufacture of equipment for the uranium and nuclear sectors. It aims to track, before fees and expenses, the price and yield performance of the Solactive Global Uranium & Nuclear Components Total Return Index. The fund keeps at least 80 percent of total assets in securities from that index and in depositary receipts based on them, and the index carries a minimum of 20 constituents at each rebalancing.

Moving between $URA and traditional URA shares

$URA and traditional Global X Uranium ETF (NYSE Arca: URA) shares are convertible 1:1 through Backpack Exchange. The flow works the same way as depositing or withdrawing a stablecoin.

Withdraw a share of the Global X Uranium ETF from Backpack Exchange to tokenize it into $URA on Solana.

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

How to trade $URA

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

$URA 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 $URA, are:

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