Tokenized TKO Group Holdings ($TKO) Now Available on Solana

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

Token details

About TKO Group Holdings

TKO Group Holdings, Inc. (NYSE: TKO) is a sports and entertainment company based in New York, formed in 2023 through the combination of World Wrestling Entertainment and the Ultimate Fighting Championship. It reports through three segments: UFC, WWE and IMG, the last covering media rights management, content production, brand partnerships, event management and the On Location hospitality business. Professional Bull Riders and the company’s boxing operations sit outside those three segments, in a Corporate and Other group. Revenue across the business comes largely from media rights fees, live event ticketing, sponsorship and brand licensing.

Moving between $TKO and traditional TKO shares

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

Withdraw a share of TKO Group Holdings from Backpack Exchange to tokenize it into $TKO on Solana.

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

How to trade $TKO

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

$TKO 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 $TKO, are:

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