Ferrari Tokenized Shares Launch on Solana as $RACE
Ferrari tokenized shares are now available on Solana through the Sunrise asset gateway. Backpack Securities issued $RACE tokens, with each token backed 1:1 by a Ferrari NV share held in regulated custody. Holders can reportedly redeem the tokens for traditional stock entitlements through Backpack Securities.
The Ferrari tokenized shares launched on 6 October 2026 and can trade 24/7 through Solana wallets and decentralised exchanges, including Phantom, Jupiter and Raydium. The tokens are designed to support dividends and corporate actions. Buyers should verify the official Solana contract address: RACEyWiM2ztEZcJx2AHXU2eWjhxU57x3vXn92b39dLD.
The launch expands Backpack Securities’ tokenised-equity programme, which began with SpaceX shares in June 2026. The company aims to increase the number of tokenised stock symbols on Solana from about 200 to 10,000.
For traders, the key issues are liquidity, redemption reliability and price tracking. Because $RACE trades around the clock while Ferrari’s underlying stock market closes, the token could experience price deviations outside traditional market hours. The launch may support Solana’s real-world-asset ecosystem, but its direct effect on SOL is likely to remain limited unless trading volume and adoption become significant.
Neutral
The launch is strategically positive for Solana because it adds a high-profile real-world asset and expands the network’s tokenised-equity use case. Similar tokenised-stock launches can increase wallet activity, liquidity demand and attention toward the supporting blockchain. If $RACE attracts sustained volume, Solana-based decentralised exchanges and infrastructure providers could benefit over the longer term.
However, the immediate market impact is likely to be neutral. The product represents one company’s equity rather than a direct capital inflow into SOL, and no trading-volume data was provided. Short-term traders are more likely to focus on liquidity, spreads, redemption mechanics and whether $RACE tracks Ferrari’s listed share when traditional markets are closed. Thin liquidity could increase volatility and create price dislocations.
Over the longer term, reliable custody, transparent backing, effective dividend handling and successful redemptions could strengthen confidence in tokenised equities and support Solana’s real-world-asset narrative. Conversely, weak liquidity, tracking errors or operational problems could damage confidence in both the product and the broader tokenisation sector. Therefore, the announcement is constructive for ecosystem development but not strong enough to justify a bullish market classification.