Ferrari tokenized shares go live on Solana through Sunrise

Buying a Ferrari usually takes a waiting list, a serious bank balance and a fair amount of patience. Owning a sliver of the company behind the cars now takes a Solana wallet. Tokenized shares of Ferrari NV, trading as $RACE, are now available on Solana through the Sunrise asset gateway, with Backpack as the issuer. The launch took effect October 6, 2026. It adds one of the most recognizable luxury brands to a growing shelf of onchain equities. How the $RACE token works Each $RACE token is backed 1:1 by an actual Ferrari share held in regulated custody. Backpack Securities serves as the issuer, and holders can redeem their tokens back into traditional stock entitlements through Backpack Securities. The token’s contract address is RACEyWiM2ztEZcJx2AHXU2eWjhxU57x3vXn92b39dLD. Checking that string before buying is the simplest way to confirm you are holding the genuine article. Sunrise handles distribution. The gateway is designed to plug tokenized stocks into wallets and decentralized exchanges, or DEXs, which are trading venues where users swap tokens directly without a traditional broker in the middle. Supported venues include Phantom, Jupiter and Raydium. Trading runs 24/7. The tok...