Take-Two Interactive is launching its tokenized equity $TTWO on the Solana blockchain through Backpack Securities, with the listing scheduled for August 6, 2026. Each token is backed 1:1 by actual TTWO shares and can be redeemed for them. The listing comes months before the highly anticipated release of GTA VI, set for November 19, 2026, with the stock trading around $240. Backpack Securities, which previously launched $SPCX, a tokenized version of SpaceX shares that generated over $1 billion in trading volume, is now expanding its offering to publicly traded companies. The 1:1 redeemability between tokens and underlying shares should keep prices aligned through arbitrage.
Source: Read the original article
