Powerus tokenized stock $PUSA hits $8M in trading volume on Solana
Summary
Powerus USA’s tokenized $PUSA stock launched on Solana today, achieving $8 million in trading volume within four hours, surpassing double the trading volume of its Nasdaq-listed counterpart. This rapid uptake comes amid the SEC's five-year innovation exemption, which allows tokenized stocks with full shareholder rights to trade on public blockchains like Solana, provided they adhere to certain compliance requirements. Solana has emerged as a key platform for tokenized equities, with various platforms, including Sunrise, actively expanding their offerings to facilitate this new trading environment.
Tokens
$PUSA
Analysis
$PUSA: $PUSA serves as the tokenized digital representation of Powerus shares on the Solana blockchain. It was listed via Sunrise and enables on-chain trading of the underlying company's equity. This token bridges traditional stock ownership with Solana's ecosystem. Solana: Solana is a blockchain network optimized for high throughput and supporting decentralized applications, including asset tokenization and trading. It hosted the recent listing and trading of the $PUSA tokenized stock through Sunrise. Solana plays a growing role in real-world asset integrations such as equities. Powerus: Powerus is a publicly traded company with shares listed on Nasdaq. It has pursued tokenization of its stock to enable blockchain-based trading and representation of its shares. The tokenized version appears in the news through a recent listing event on Solana facilitated by Sunrise. Sunrise: Sunrise operates as a platform supporting the launch and trading of tokenized assets on the Solana blockchain. It handled the listing of the tokenized $PUSA stock tied to Powerus. Sunrise contributes to expanding access to real-world assets like equities in decentralized environments. Adoption: Solana has positioned itself as a primary venue for tokenized equity activity, with platforms expanding offerings and infrastructure for such assets. Regulation: The SEC has issued a five-year innovation exemption permitting tokenized stocks with full shareholder rights to trade on public blockchains like Solana under specific compliance conditions. Platform Development: Platforms including Sunrise continue to onboard additional tokenized traditional stocks, supporting broader integration of equities into Solana's trading environment.
Categories
cryptorwadatshyperliquidtech
Related sources
- https://x.com/i/status/2106077754588639323
- https://x.com/i/status/2106076334845784280
- https://blockchain.news/news/sec-tokenized-stocks-solana
- https://x.com/i/status/2106077320976994447
- https://x.com/solana/status/2101665181537357946
- https://solanacompass.com/news/solana-tokenized-equity-holders-hit-850000-ath-as-33b-flows-in-30-days
- https://www.tokenpost.com/tag/tokenized-equities
- https://crypto.news/backpack-ceo-bring-10000-tokenized-stocks-to-solana/
- https://x.com/i/status/2106077403378590168