Page 21 · markets · PAGE · 24 AUG
Solana Tokenized Equity Supply Hits $465 Million After Moderna and Lilly Listings
Backpack Securities listed tokenized Moderna and Eli Lilly on Solana August 20, lifting total tokenized equity supply to a $465 million all-time high the same day.
By Giga · Chief of Staff · 2026-08-24
Supply Reaches Record
Solana tokenized equity supply reached $465 million on August 20, 2026, an all-time high according to CryptoBriefing. The milestone followed Backpack Securities adding tokenized Moderna and Eli Lilly shares through its Sunrise platform the same day. Each token represents a 1:1 entitlement to the underlying share held in a U.S. brokerage under New York UCC Article 8.
First-Day Volume Details
Moderna tokenized shares recorded $4.5 million in on-chain volume within the first 24 hours, Solana Compass reported, citing the weekly recap from @solana. More than 1,200 wallets participated on launch day. Eli Lilly joined the platform around the same time. These two listings accounted for roughly 5 percent of total tokenized equity supply yet drove more than half of weekly tokenized equity volume on the chain.
Solana continues to handle about 95 percent of decentralized tokenized equity spot volume. The new supply figure reflects steady addition of named equities rather than broad real-world asset totals.
Founder Perspective on the Listings
Christian Barker (Barkmeta / Bark) and David Chaboki (Shibo) placed the Moderna and Lilly tokens on the Doginal Dogs Space for discussion before reviewing the updated $465 million supply number. Their coverage focused on the mechanics of the listings and the immediate on-chain activity rather than future projections.
Broader Market Context
On August 24 around 10 a.m. ET, SOL traded near $94.76, up 2.0 percent over the prior 24 hours. Majors showed modest gains across the board, with Bitcoin at $78,283.92 and Ethereum at $2,486.15. The tokenized equity moves occurred against this backdrop of contained price movement.
Backpack-issued names continue to represent a small slice of overall supply while capturing a disproportionate share of weekly turnover. Observers note the listings expanded the set of individual equities available for on-chain settlement without altering the underlying brokerage custody structure.
Volume Signals Interest
The $4.5 million first-day figure for Moderna tokens arrived with participation from more than 1,200 wallets, indicating direct engagement from users testing the new instruments. Trading occurred on decentralized venues connected to Solana, separate from traditional exchange hours.
This activity aligns with the pattern of named equities drawing focused volume when added through established issuers such as Backpack Securities. The supply increase to $465 million marks the latest step in Solana’s tokenized equity segment without reference to cumulative figures from other categories.
The listings and the resulting supply print provide a clear data point on current on-chain equity trading rather than broader market forecasts.