Tokenized Netflix ($NFLX) Now Available on Solana

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

Token details

About Netflix

Netflix, Inc. (Nasdaq: NFLX) is a streaming entertainment company headquartered in Los Gatos, California, founded in 1997 by Reed Hastings and Marc Randolph as a DVD rental service and listed on Nasdaq since 2002. It sells paid memberships in more than 190 countries, offering series, films and games, and it both licenses content and produces its own. The service now also carries an advertising-supported plan and live programming alongside its on-demand catalogue.

Moving between $NFLX and traditional NFLX shares

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

Withdraw a share of Netflix from Backpack Exchange to tokenize it into $NFLX on Solana.

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

How to trade $NFLX

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

$NFLX 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 $NFLX, are:

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