Intel recently embraced blockchain technology through Backpack Securities, launching a tokenized version of its stock on the Solana blockchain. This innovative move allows investors to trade Intel's equity at all hours on decentralized exchanges, enhancing accessibility and liquidity in the trading of traditional stocks.
With this launch, Intel joins an expanding list of companies, including SpaceX, Micron, and Robinhood, that have tokens representing their stocks natively on Solana. Each tokenized Intel stock, referred to as INTC, translates to a one-to-one claim against actual Intel shares, which are held securely for custody. The tokens are compliant with New York's UCC Article 8, which safeguards token holders against being overlooked during corporate actions, such as dividends or stock splits.
Trading activities for the tokenized Intel are centered on Raydium, the largest decentralized exchange on Solana. Initial data indicates that there are about 6,151 tokenized INTC tokens available, with their underlying Intel shares valued between $103 and $104 each. Daily trade volume approaches $14,600 with total liquidity around $199,000, providing opportunities for retail investors.
Backpack Securities, the firm behind this initiative, is run by former employees of FTX and aims to revolutionize the landscape of tokenized equities. Since launching the Sunrise protocol in June 2026, they have facilitated the exchange of traditional regulated securities into Solana-native tokens, effectively bridging the gap between conventional brokerage services and decentralized finance. The trading volume on their platform reached approximately $1.5 billion monthly, with record daily transactions of over $187 million.
The significance of tokenizing equities, especially for companies already accessible in brokerage apps like Intel, lies in providing continuous access and liquidity through blockchain technology. This approach contrasts with the exclusivity offered by tokenizing some private companies, like SpaceX, which do not have public market availability.
Backpack's structure for these tokens introduces a legal framework distinct from early synthetic stock tokens created by Binance and FTX, which regulators curtailed in 2021. By aligning with established securities frameworks, these tokenized shares afford holders similar legal protections to those enjoyed by traditional shareholders.
The impressive monthly volume of trading across Backpack’s tokenized equities highlights a strong demand that positions the platform competitively alongside some mid-sized centralized exchanges. Although standard risks are present in equity markets, the tokenized version introduces additional risks related to smart contracts and platform functionality. With liquidity limited to approximately $199,000 for Intel tokens, it remains primarily a retail-focused trading venue rather than one suitable for large institutions.