Tokenized IonQ ($IONQ) Now Available on Solana

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

Token details

About IonQ

IonQ, Inc. (NYSE: IONQ) is a quantum computing company headquartered in College Park, Maryland, founded in 2015 out of research at the University of Maryland and Duke University. It builds trapped-ion quantum computers, which hold individual atoms in place with electromagnetic fields and control them to run quantum algorithms, and sells access to those systems largely through major cloud platforms. IonQ has expanded beyond computing into quantum networking, sensing and security, partly through a run of acquisitions including Oxford Ionics, ID Quantique and Qubitekk.

Moving between $IONQ and traditional IONQ shares

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

Withdraw a share of IonQ from Backpack Exchange to tokenize it into $IONQ on Solana.

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

How to trade $IONQ

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

$IONQ 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 $IONQ, are:

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