Tokenized Microsoft ($MSFT) Now Available on Solana

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

Token details

About Microsoft

Microsoft Corporation (Nasdaq: MSFT) is a technology company headquartered in Redmond, Washington, founded in 1975. It reports through three segments: Productivity and Business Processes, covering productivity and communication products including Microsoft 365, LinkedIn and Dynamics, Intelligent Cloud, covering public, private and hybrid server products and cloud services including Azure, and More Personal Computing, covering Windows, devices, search advertising and gaming including Xbox hardware, content and subscriptions. Microsoft’s fiscal year ends on 30 June, so its quarterly reporting calendar runs ahead of most US companies.

Moving between $MSFT and traditional MSFT shares

$MSFT and traditional Microsoft Corporation (Nasdaq: MSFT) shares are convertible 1:1 through Backpack Exchange. The flow works the same way as depositing or withdrawing a stablecoin.

Withdraw a share of Microsoft from Backpack Exchange to tokenize it into $MSFT on Solana.

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

How to trade $MSFT

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

$MSFT 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 $MSFT, are:

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