Tokenized Rocket Lab ($RKLB) Now Available on Solana

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

Token details

About Rocket Lab

Rocket Lab Corporation (Nasdaq: RKLB) is a space company headquartered in Long Beach, California, founded in 2006 by Peter Beck and listed on Nasdaq since 2021. It runs two lines of business: launch services, built around the small Electron rocket that has flown since 2018 and the larger reusable Neutron vehicle still in development, and space systems, covering satellites, spacecraft components and on-orbit services. Rocket Lab launches from sites in New Zealand and the United States.

Moving between $RKLB and traditional RKLB shares

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

Withdraw a share of Rocket Lab from Backpack Exchange to tokenize it into $RKLB on Solana.

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

How to trade $RKLB

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

$RKLB 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 $RKLB, are:

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