Sunrise and Backpack Bring $OPNW to Solana as the Tokenization Company Tokenizes Its Own Stock

SolanaFloor·2026-11-04 17:05:00 UTC

The Nasdaq-listed OpenWorld is bringing its shares to Solana through Sunrise and Backpack Securities, entering an RWA market that has surpassed 1.8 million holders.

OpenWorld, a publicly traded company focused on helping businesses raise capital through asset tokenization, is bringing its own stock to Solana. The move extends the company's tokenization strategy to its own publicly traded shares, giving investors access to tokenized $OPNW.

Issued by Backpack Securities and launched through Sunrise, tokenized $OPNW is now available across the Solana ecosystem. Investors can trade the tokenized shares 24/7, settle transactions continuously, transfer tokens, and hold their positions in their wallets. The launch also includes a redemption pathway connecting the tokenized shares to traditional brokerage infrastructure.

“Onchain markets give public companies a powerful new way to reach investors globally. By bringing its stock to Solana, OpenWorld is showing how issuers can unlock access to international markets. Sunrise is here to make that possible.” – Saeed Badreg, CEO, Wormhole Labs

Public Companies Push Back Against Unauthorized Stock Tokenization

OpenWorld's decision to bring its own stock to Solana comes as opposition to third-party tokenization of publicly traded shares continues to grow. On November 3, Apple, The Home Depot and GE Vernova joined the growing list of companies objecting to having tokenized versions of their shares.

Some weeks ago, a full-page Wall Street Journal advertisement warned public companies about the risks of unauthorized stock tokenization. Dozens of companies subsequently sought to restrict the tokenization of their securities, raising questions about issuer consent, ownership rights, and how blockchain-based representations of shares should operate.

OpenWorld is taking a different approach by actively supporting the tokenization of its own equity. For a company whose business revolves around helping businesses access capital through tokenization, bringing OPNW onchain represents an extension of its existing strategy.

“At OpenWorld, we're building new ways for businesses to raise capital and connect with investors through tokenization. We believe the same infrastructure can create meaningful opportunities for shareholders of public companies. Supporting the launch of OPNW on Solana is a natural step for us, and one that reflects our confidence in the role blockchain will play in the capital markets’ future. We are pleased to work with Sunrise and Backpack Securities to leverage their respective expertise to make that possible.” – Matthew Shaw, Chief Executive Officer and Chairman, OpenWorld.

How Tokenized $OPNW Connects to Traditional Finance

Backpack Securities handles the issuance, custody, and redemption infrastructure for tokenized $OPNW, while Sunrise supports its market on Solana. Eligible holders can deposit their tokenized shares with Backpack Securities and redeem them into a security entitlement to the underlying OpenWorld shares. They can then transfer those brokerage positions to another brokerage. Eligible positions can also move in the opposite direction and convert back into tokenized $OPNW.

The arrangement supports dividends and corporate actions across both ownership models. Traditional brokerage infrastructure processes dividends and corporate actions for shares held through Backpack Securities. Onchain mechanisms reflect applicable dividends and corporate actions for tokenized OPNW, although timing and tax treatment may differ. OpenWorld remains responsible for its shares and corporate disclosures.

“Tokenized equities become significantly more powerful when investors can move between onchain markets and traditional finance. At Backpack, we're building the infrastructure that makes this possible, issuing tokenized equities that are redeemable 1:1 into traditional brokerage positions. With OpenWorld supporting the launch of OPNW on Solana, we're bringing the vision of a unified financial marketplace closer to reality.” – Armani Ferrante, CEO, Backpack.

Solana's RWA Market Continues to Grow

OpenWorld's arrival comes as Solana strengthens its real-world asset sector. Holders of RWA’s across Solana have surpassed 1.80 million, currently standing at 1.87 million, a new all-time high. Nearly 500,000 new holders joined in October alone.

Solana has also led all blockchains in tokenized equities spot DEX trading volume for the second consecutive week, recording $977 million in weekly volume.

At a time when concerns have grown over unauthorized tokenization of public company stock on blockchain networks, OpenWorld’s move to actively support tokenizing $OPNW after going public in October offers a different approach. The company has embraced tokenization not only as a way to help businesses raise capital but also as an opportunity to expand access to its own equity.