PumpFun Adds Tokenized Stocks to New-Token Trading Pairs, Including SK Hynix and Nvidia
Summary
- PumpFun said it has expanded support so users can use tokenized stocks as trading-pair assets when launching new tokens.
- Users can now create trading pairs not only with Solana (SOL) and USD Coin (USDC), but also with tokenized assets linked to stocks including Tesla, Nvidia, Circle, Micron Technology and SK Hynix, as well as the Nasdaq and S&P 500 indexes.
- The move is seen as an effort to expand PumpFun’s trading ecosystem beyond memecoins into tokenized real-world assets (RWA).
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PumpFun, a Solana-based token issuance platform, has expanded support to let users use tokenized stocks as trading-pair assets when launching new tokens.
Wu Blockchain reported on Sept. 9 that PumpFun added tokenized stocks as pairing assets for new tokens, alongside Solana (SOL) and USD Coin (USDC).
The offering includes tokenized assets linked to shares of Tesla, Nvidia, Circle, Micron Technology and SK Hynix. Tokenized assets tracking major U.S. stock indexes such as the Nasdaq and the S&P 500 are also available.
As a result, users launching tokens on PumpFun can now create trading pairs not only with SOL or USDC, but also with tokenized assets tied to stocks and stock indexes.
The move points to an effort by PumpFun to expand its trading ecosystem beyond crypto-focused assets such as memecoins into tokenized real-world assets, or RWAs.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.