Tokenized Intercontinental Exchange ($ICE) Now Available on Solana

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

Token details

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a market infrastructure, data and technology company headquartered in Atlanta, Georgia, founded in 2000. It reports through three segments: Exchanges, which runs regulated marketplaces for listing, trading and clearing derivatives and securities and includes the New York Stock Exchange, Fixed Income and Data Services, covering fixed income pricing, reference data, indices, analytics and execution, and Mortgage Technology, which sells workflow software for the US residential mortgage industry.

Moving between $ICE and traditional ICE shares

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

Withdraw a share of Intercontinental Exchange from Backpack Exchange to tokenize it into $ICE on Solana.

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

How to trade $ICE

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

$ICE 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 $ICE, are:

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