Tokenized Krispy Kreme ($DNUT) Now Available on Solana

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

Token details

About Krispy Kreme

Krispy Kreme, Inc. (Nasdaq: DNUT) is a sweet treat company headquartered in Charlotte, North Carolina, best known for its Original Glazed doughnut. The brand reaches customers in more than 40 countries through a network of fresh doughnut shops, partnerships with major retailers, and a growing digital ordering business.

Moving between $DNUT and traditional DNUT shares

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

Withdraw a share of Krispy Kreme from Backpack Exchange to tokenize it into $DNUT on Solana.

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

How to trade $DNUT

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

$DNUT 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 $DNUT, are:

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