Tokenized Palatin Technologies ($PTN) Now Available on Solana

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

Token details

About Palatin Technologies

Palatin Technologies, Inc. (Nasdaq: PTN) is a Princeton, New Jersey biopharmaceutical company developing medicines that target the melanocortin receptor (MCR) system. Its pipeline centers on MC4R selective agonists for rare obesity disorders such as hypothalamic obesity and Prader-Willi syndrome, including a once-weekly injectable peptide and next-generation oral candidates. Palatin moved its listing to the Nasdaq Capital Market on May 29, 2026, keeping the symbol PTN.

Moving between $PTN and traditional PTN shares

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

Withdraw a share of Palatin Technologies from Backpack Exchange to tokenize it into $PTN on Solana.

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

How to trade $PTN

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

$PTN 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 $PTN, are:

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