Ferrari RACE Tokenized Stock Launches on Solana
Ferrari RACE tokenized stock launched on Solana through the Sunrise asset gateway on 6 October 2026, with Backpack Securities acting as issuer. Each RACE token is backed 1:1 by a Ferrari NV share held by a regulated custodian. Eligible holders may redeem tokens for underlying stock rights, including dividends and corporate actions, subject to applicable terms and regulations.
RACE offers 24/7 trading through Solana wallets and decentralised exchanges such as Phantom, Jupiter and Raydium. Traders should verify the official contract address, RACEyWiM2ztEZcJx2AHXU2eWjhxU57x3vXn92b39dLD. Around-the-clock trading may cause RACE to diverge from Ferrari’s share price when traditional markets are closed.
The launch expands Backpack Securities’ tokenized stock programme, which began with SpaceX shares in June 2026. The firm plans to increase its Solana tokenized-stock offering from about 200 assets to 10,000. The Ferrari RACE tokenized stock launch supports Solana’s real-world asset ecosystem, but its direct effect on SOL is likely to remain limited unless trading volume and adoption grow significantly. Liquidity, regulatory access and redemption reliability remain key risks.
Neutral
The Ferrari RACE tokenized stock launch is strategically positive for Solana’s real-world asset and trading infrastructure, but it is unlikely to create a strong immediate price catalyst for SOL. In the short term, traders may view the launch as evidence of growing institutional and retail use of Solana, potentially supporting sentiment and activity across the network. However, the product is a tokenized equity rather than a direct SOL investment, and initial liquidity and trading volumes may be limited.
The 24/7 market could increase wallet, exchange and settlement activity, but price gaps may emerge when Ferrari’s underlying shares are not trading. Regulatory restrictions, redemption procedures and custody arrangements could also limit participation. Over the longer term, Backpack Securities’ plan to expand from about 200 tokenized stocks to 10,000 could strengthen demand for Solana infrastructure and support SOL adoption. The effect on SOL would become more meaningful only if the programme attracts sustained volume, users and institutional capital. Historical reactions to new blockchain-based financial products suggest that initial sentiment gains often fade unless measurable usage follows, so the overall expected impact remains neutral.