Tokenized Nokia ($NOK) Now Available on Solana

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

Token details

About Nokia

Nokia Oyj (NYSE: NOK) is a Finnish telecommunications and network technology company headquartered in Espoo, founded in 1865. It no longer makes phones, and instead builds the equipment and software that carriers, enterprises and governments use to run networks, spanning mobile radio access, IP routing, optical and fixed access, and cloud network software. A separate arm, Nokia Technologies, licenses the company's patent portfolio and the Nokia brand, which is how Nokia-branded phones made by other manufacturers still exist.

Moving between $NOK and traditional NOK shares

$NOK and traditional Nokia Oyj (NYSE: NOK) shares are convertible 1:1 through Backpack Exchange. The flow works the same way as depositing or withdrawing a stablecoin.

Withdraw a share of Nokia from Backpack Exchange to tokenize it into $NOK on Solana.

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

How to trade $NOK

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

$NOK 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 $NOK, are:

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