- On June twenty second, Solana introduced that tokenized Micron Know-how (MU) shares issued by Backpack Securities have arrived on the Solana blockchain through Dawn.
- The announcement comes as Micron is scheduled to launch its 2026 third quarter monetary report on June 24, 2026.
- Lately, Micron additionally introduced a significant partnership with Anthropic, which despatched its inventory worth greater.
On Monday, main blockchain community Solana introduced the arrival of Micron Know-how (MU) inventory on the community by Dawn, a Solana-based tokenization infrastructure.
The announcement comes amid elevated regulatory readability and a increase within the tokenized asset market. The tokenized model of Micron Know-how (MU) inventory shall be issued by Backpack, a US regulated securities agency.
Micron Know-how is a number one {hardware} supplier within the AI area, so it is a big development for customers.
Micron Know-how’s tokenized shares arrive at Solana following SPCX success
In response to an official announcement, Micron shares are actually accessible in tokenized kind. The announcement got here two days earlier than the corporate’s third quarter earnings report. The corporate plans to launch its report on June twenty fourth.
of Tokenized MU inventory is backed by a 1:1 ratio of precise Micron shares and held in regulated custody. Customers can withdraw their underlying MU tokens by Backpack Alternate. You too can switch your shares to a conventional brokerage account, permitting you to personal them straight as a substitute of simply specializing in monitoring artificial costs. These tokenized Micron Know-how shares enable customers to carry them in self-custodian wallets similar to Backpack, Phantom, and Solflare. Customers may commerce these tokens at any time on Solana’s decentralized alternate.
The issuance of the MU tokenized inventory comes every week after Backpack Securities and Dawn used the identical mannequin for SpaceX’s tokenized inventory, SPCX, which went reside on the Solana blockchain on the identical day as its arrival on Nasdaq.
The timing of the tokenized model of MU inventory arriving at Solana can also be essential, as Micron will launch its earnings report on June twenty fourth. Whereas buying and selling on Nasdaq has limitations similar to fastened timing, tokenized shares enable customers to commerce these digital tokens at any time of the day.
Tokenized inventory market soars after regulatory clarification relating to RWA
The launch of MU tokenized shares is a part of the most recent development to convey U.S. shares on-chain, with Backpack Securities offering the regulated securities buying and selling infrastructure, whereas Dawn helps firms convert shares into tokenized variations and distribute liquidity. The asset is built-in with Solana DeFi, permitting customers to commerce with USDC or SOL by liquidity swimming pools on platforms similar to Meteora.
Since SpaceX’s SPCX inventory went public on the Solana blockchain, it has seen sturdy demand, with day by day buying and selling quantity exceeding $100 million. Because of the success of SPCX, the 24-hour spot buying and selling quantity for all tokenized shares on Solana reached an all-time excessive, reaching $213 million from $187 million.
Amid regulatory readability relating to tokenized shares and adoption of tokenized property amongst institutional traders, the circulating worth of tokenized shares has soared to over $1.53 billion. rwa.xyz. The general actual property sector additionally surged to greater than $32 billion. Solana occupies a powerful place with an RWA worth of roughly $3 billion and is the main tokenized inventory in buying and selling quantity.
In response to citygroupthe tokenized asset market is anticipated to achieve $8 trillion by 2030.
Micron Know-how Inventory Grows on Growth in AI Infrastructure and Sturdy Income Development
Micron Know-how is a number one world semiconductor firm providing reminiscence and storage options together with DRAM, NAND, and NOR chips. These elements are essential to computer systems, smartphones, information facilities, and synthetic intelligence. The corporate is without doubt one of the world’s main suppliers of reminiscence chips, together with Samsung and SK Hynix.
In its second quarter 2026 monetary report, Micron reported income of $23.86 billion, GAAP internet earnings of $13.9 billion, and earnings per share of $12.07. Due to the increase within the AI area, this was a report revenue within the firm’s historical past. The corporate’s whole 2026 provide of high-bandwidth reminiscence (HBM) is already offered out. Micron executives say there may be sturdy demand for HBM as a result of it solely fulfills 50% to two-thirds of its main prospects’ reminiscence orders.
On June 22, Micron introduced a significant partnership with Anthropic, creators of the Claude AI mannequin. The partnership consists of collaboration on AI reminiscence and storage architectures, a multi-year provide settlement, and Claude’s company rent at Micron.
TD Cowen raised its 12-month goal for MU inventory from $660 to $1,500 attributable to rising demand for Micron’s infrastructure within the AI area.
