Solana News Today begins with a milestone for onchain stocks.
Backpack Onchain has announced that ANT, a tokenized version of Anthropic stock issued by Backpack Securities, will trade 24/7 on Solana through Sunrise from the day the company lists on Nasdaq.
This article explains what was announced, how tokenized stocks work, what the company’s IPO filing says, and how SOL is trading, all in simple words.
Backpack Onchain said that ANT will trade onchain via Sunrise once Anthropic’s shares begin trading on Nasdaq.
Sunrise added that the token will be open for 24/7 trading across the network’s markets from that first day.
The token is issued by Backpack Securities, which means it is a separate product from the Nasdaq-listed shares, although the platform describes it as redeemable for a real share.
Why does the timing matter? The US regular stock session runs only 6.5 hours on weekdays, while onchain markets stay open.
In simple terms, a tokenized stock is a digital token that stands for one share, so it can be held in a crypto wallet and traded on-chain.
According to the official tokenized stocks page, the system works like this:
Each token can be redeemed one-to-one for a real share.
Minting and redeeming take seconds.
Shares are held as security entitlements under Article 8 of the New York Uniform Commercial Code.
Shares can be moved in from another US brokerage through the Depository Trust Company, while transfers out to other brokerages are in private access.
Eligibility and jurisdiction limits apply, and fees may apply, so users should read the terms first.
The platform also reports its own scale figures: 90 tokenized securities live, more than $5.3 billion in on-chain volume, and over 430,000 token holders between June 12 and October 18, 2026. These are the company’s own numbers.
The latest amended registration statement, filed on November 10, 2026, lays out the offering terms.
In simple terms, an IPO is the first time a company sells its shares to the public.
The price range is only an estimate until the deal is priced.
Item | Detail |
Filing | Amendment No. 2 to Form S-1, filed November 10, 2026 |
Shares offered | 825,000,000 Class A shares |
Sold by the company | 801,351,354 shares |
Sold by existing holders | 23,648,646 shares |
Estimated price range | $70.00 to $78.00 per share |
Venue and symbol | Nasdaq Global Select Market, “ANT” |
Underwriter option | Up to 123,750,000 extra shares |
Private placement | $26.0 billion of Class N stock sold to seven partners at the IPO price |
Status | Subject to completion, with final terms and dates not yet filled in |
At the $74 midpoint, the company estimates net proceeds of about $84.6 billion from the offering and the private placement combined.
The seven partners named in the filing are Google, NVIDIA, AMD, Broadcom, Micron, Microsoft, and TSMC Partners.
The filing also says the founders’ special share class carries 50.1% of voting power on most matters.
This Solana News Today update is still early, so a few points deserve attention:
The final IPO price and the confirmed first trading day
Whether the token tracks the share closely once both trade
How much activity the 24/7 market attracts outside US trading hours
Which regions and users are eligible, since the platform says limits apply
Risk: the official page notes that tokenized securities involve risk
Because tokenized stock is a newer market, readers should compare official terms, fees and redemption rules before using it.
In short, Solana News Today shows that a major IPO may reach onchain trading on its first day, with ANT set to trade 24/7.
The filing still leaves the final terms and dates open, so confirm every detail from official sources before acting.
This article is for educational and informational purposes only and is not financial or investment advice. Crypto assets are high risk, their prices can be very volatile, and you can lose some or all of your money. Always do your own research and consider speaking with a licensed financial advisor before making investment decisions.