Tokenized Nike ($NKE) Now Available on Solana

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

Token details

About Nike

NIKE, Inc. (NYSE: NKE) is headquartered in Beaverton, Oregon, and designs, markets and distributes athletic footwear, apparel, equipment and accessories, with Converse as a wholly owned subsidiary brand. Revenue is reported across four NIKE Brand geographies, North America, EMEA, Greater China, and Asia Pacific and Latin America, with Converse separate.

The company is led by President and Chief Executive Officer Elliott Hill, with David M. Denton as Chief Financial Officer since August 2026.

Moving between $NKE and traditional NKE shares

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

Withdraw a share of Nike from Backpack Exchange to tokenize it into $NKE on Solana.

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

How to trade $NKE

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

$NKE 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 $NKE, are:

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