Sunrise has introduced tokenized Meta shares on the Solana blockchain, making them accessible on the network. However, redemption of these shares is restricted to users with verified and eligible Backpack accounts, meaning holders cannot redeem or transfer these tokens outside Backpack to other brokerages. This setup limits the flexibility of token holders, as the shares are available on Solana but tied to Backpack for redemption and transfer purposes. This move highlights the growing integration of traditional assets with blockchain technology, while maintaining control over redemption through specific brokerage accounts.
Sunrise's tokenized Meta shares on Solana provide context for readers. For those tracking major cryptocurrencies on Pluang as of Oct 22, 2026 11:51 WIB, 14 out of 50 rose while 35 fell. Notable movers include AVAX at Rp169.141 with a 3.14% drop, DOT at Rp20.318 down 2.91%, and ALGO at Rp1.992 down 2.73%.
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