Tokenized Monster Beverage ($MNST) Now Available on Solana

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

Token details

About Monster Beverage

Monster Beverage Corporation (Nasdaq: MNST) is a beverage company based in Corona, California, and it is a holding company that operates through its subsidiaries rather than directly. It reports through four segments: Monster Energy Drinks, built around the flagship Monster Energy line along with Reign, Reign Storm and Bang Energy, Strategic Brands, which covers energy brands acquired from The Coca-Cola Company in 2015 plus the affordable Predator and Fury lines, Alcohol Brands, covering craft beers, flavored malt beverages and hard seltzers, and Other. The company was known as Hansen Natural Corporation until 2012.

Moving between $MNST and traditional MNST shares

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

Withdraw a share of Monster Beverage from Backpack Exchange to tokenize it into $MNST on Solana.

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

How to trade $MNST

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

$MNST 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 $MNST, are:

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