Pump.fun Brings 93 Tokenized Stock Pairs to Solana (SOL) With Custom Pairs Launch

Pump.fun Opens Custom Pairs to Tokenized Stocks

Solana (SOL) is rapidly becoming the busiest venue for tokenized equities, and its launchpad layer is moving fastest. On September 9, Sunrise, a distribution platform for on-chain assets, added 20 tokenized US stock products issued by Backpack Securities to the Solana network, covering household names such as Nike, Micron and Moderna. A day later, Pump.fun, the network’s largest token issuance platform, confirmed on its official X account that its new Custom Pairs feature is live, letting creators quote newly launched tokens not only against SOL and USDC but against tokenized Tesla, Nvidia and S&P 500 ETF assets. Combined with inventory from Sunrise and xStocks, the feature reaches 93 asset pairs in total, spanning single-name equities and broad index funds. The change reframes what tokenized equities are for: assets that were previously bought to hold and sell are turning into composable quote assets that plug directly into fresh token markets. Our desk covered the first step of that shift when Backpack’s NIKE stock token went live for round-the-clock trading. The competitive subtext is Robinhood, which opened the mainnet of its own RWA-focused blockchain, Robinhood Chain, in July, distributing Stock Tokens that carry economic exposure to equities and ETFs with lending-collateral use cases in mind. Where Robinhood encircles tokenized assets inside its own chain, the Solana ecosystem is running an open, multi-operator play, with Sunrise, Backpack Securities, xStocks and Pump.fun all shipping independently — a chain-level competition for tokenized share issuance rather than a single product race.

confirmed on its official X accounthttps://x.com/Pumpfun/status/2097785975434846285?s=20

263,000 New Tokens Minted in a Single Day

The infrastructure build-out is now visible in raw issuance data. On-chain records from Solscan show Solana minted 263,000 new tokens in one day this week, an all-time high for daily launches that exceeds even the strongest sessions of the memecoin boom. The surge traces largely to StonkFun, a launchpad that appeared only days earlier and pairs satirical memes with prominent crypto assets such as ZEC as well as trending AI-linked equities; its activity is tracked on DefiLlama’s StonkFun page. Unlike traditional memecoins, this wave of mirror tokens targets several interaction types at once — tokenized stocks, perpetual futures on RWA-linked assets, NFTs and leading crypto assets. Launchpads have also baked revenue sharing into the model: on-chain estimates indicate StonkFun burns $10,000 for every $1 million of trading volume, while Pons, Robinhood’s own launchpad, taxes trades but passes proceeds back to token creators. Over the past two days StonkFun has outpaced Pons, and its flagship STONK token — which mirrors the SPCX ticker — climbed to $0.22, with ZCAT tracking ZEC among the day’s most liquid and profitable coins. Meteora, one of Solana’s largest liquidity hubs, has meanwhile opened pair creation between any two Solana assets, removing the dependence on USDC and other stablecoins as the only quote side, and has already drawn PerpsPad to build RWA perps pairs. The caveat stands: mirror tokens do not all carry genuine equity exposure, and profitability data from the last memecoin frenzy showed just 0.25% of traders cleared $500 — a reminder to review our rug pull guide before chasing launches. Readers tracking the market in real time can follow live spot and futures prices on Bitget.

Robinhood Chain Rivalry Sets the Next Test

In our reading, the two threads are one story: Solana is racing Robinhood Chain to become the default settlement layer for tokenized real-world assets, and the load-bearing primary records — Pump.fun’s own Custom Pairs announcement and Solscan’s launch counter — point to an open, multi-operator ecosystem out-shipping a single company’s walled garden. The figures, 93 pairs and 263,000 daily launches, are throughput metrics; the unresolved question is durability. Launch platforms remain unregulated, the link between mirror tokens and actual share ownership varies project by project, and current growth leans on fear of missing out and demand for passive income across the altcoin market rather than regulated wrappers. Whether the open-chain model converts speculative churn into lasting RWA liquidity will define the next leg of this rivalry.