Backpack's NIKE Stock Token NKE Goes Live on Solana (SOL) for 24/7 Trading

Nike Stock Token NKE Goes Live

Tokenized shares of US sportswear giant Nike are now tradable around the clock on Solana (SOL), after the network's official X account announced the launch on September 8. The token, ticker NKE, is issued by Backpack Securities, the securities unit of crypto wallet and exchange operator Backpack, and reached Solana through Sunrise, an asset gateway developed by Wormhole Labs that ports tokenized equities, commodities and other instruments onto the network while building out the liquidity, wallet and decentralized-exchange rails needed to trade them. Because the asset lives on-chain, NKE changes hands 24 hours a day, seven days a week — a schedule that departs sharply from the regular trading session of the New York Stock Exchange, where the underlying shares are listed. Structurally, the token is designed to track Nike's share price and represents a claim on a special-purpose vehicle, or SPV, that holds the underlying stock; users who meet the stated conditions can exchange NKE one-for-one for the corresponding securities rights. Backpack says the token is already usable across a broad slice of the Solana ecosystem, including the Backpack app, Jupiter, Phantom, Solflare, decentralized exchange Raydium, Kamino Swap and Mayan — the same Raydium whose DEX revenue we flagged earlier this week. Availability is not universal: Backpack Securities does not offer the product in Japan, the United States, the United Kingdom or the United Arab Emirates, and it is also blocked on Backpack EU. The Nike listing extends a rapid cadence for the issuer, which launched a GoPro equity token, GPRO, on September 1 and an AMC Entertainment token, AMC, on September 4, after bringing Robinhood's HOOD token to the network earlier. Sunrise has been the connective layer in this buildout — the same asset gateway that carried Dogecoin onto Solana through a canonical mint — functioning much like the cross-chain bridges that move value between networks, but with regulated wrappers on the origin side. For a market that has watched tokenized equities move from concept to product, the pace matters as much as any single listing.

the network's official X account announced the launch on September 8https://x.com/solana/status/2097334073127776650?ref_src=twsrc%5Etfw

ZCAT Routes 2,320 ZEC to Holders

While tokenized equities extend Solana's reach into traditional markets, the network's memecoin economy is producing distribution mechanics of its own. Anonymous Cat (ZCAT), a cat-themed meme token in Solana's memecoin economy, has completed a payout of roughly 2,320 ZEC to qualifying holders — a distribution worth approximately $2.75 million at recent market prices. The payments originate from the token's built-in fee engine: every ZCAT transfer carries a 3% tax, and the bulk of the accumulated proceeds are converted into Zcash (ZEC) before being sent out to eligible wallets. Eligibility is deliberately low-friction — any wallet holding at least $20 worth of ZCAT qualifies to receive its share — which makes the program function less like a one-time airdrop snapshot and more like a recurring yield stream tied to trading activity. Timing has amplified the payoff. ZEC has rallied sharply in recent sessions, so the ZEC each participant receives is worth materially more than when the accumulated fees were converted, turning a modest tax sink into a seven-figure payout pool. Because the tax accrues with every trade and transfer, the pool refills continuously; the 2,320 ZEC figure reflects the latest completed distribution cycle rather than a program-wide cap. The design inverts the usual memecoin lifecycle, in which taxes are typically routed to marketing wallets or liquidity locks with little verifiable return to holders — here, the on-chain record of ZEC transfers reaching small-dollar wallets is what makes the distribution auditable rather than merely promised. We have not independently verified a redemption path beyond the transfer record itself, and the project has not published a cumulative breakdown of past distributions, a gap holders should weigh before treating the yield as durable rather than a bull-market artifact. Readers tracking the market in real time can follow live spot and futures prices on MEXC.

One Settlement Layer, Two Asset Wrappers

Read together, the two developments trace a single arc: Solana is consolidating its role as the settlement layer for asset wrappers of very different pedigree. The load-bearing document in both stories is primary — Solana's own announcement states that “NIKE is live on Solana”, issued by Backpack Securities, while the ZEC payouts stand as on-chain transfers rather than press claims. That distinction matters: issuance and distribution are observable at the ledger level, not filtered through issuer marketing. If the weekly cadence of new equity tokens holds alongside memecoin fee engines, the network's asset surface keeps widening in both directions; readers weighing exposure can start with our guide on how to buy Solana (SOL) and track the transaction capacity upgrade shipping this week.