Tokenized Hertz Global Holdings ($HTZ) Now Available on Solana

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

Token details

About Hertz Global Holdings

Hertz Global Holdings, Inc. (Nasdaq: HTZ) is a car rental and mobility company. Its subsidiaries and licensees operate the Hertz, Dollar, Thrifty and Firefly rental brands across roughly 11,000 locations in about 160 countries and jurisdictions, alongside Hertz Car Sales for used vehicles and the Hertz 24/7 car-sharing business in Europe.

Moving between $HTZ and traditional HTZ shares

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

Withdraw a share of Hertz Global Holdings from Backpack Exchange to tokenize it into $HTZ on Solana.

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

How to trade $HTZ

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

$HTZ 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 $HTZ, are:

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