Powerus Tokenized Stock PUSA Achieves $8 Million Volume on Solana in Just Four Hours

Powerus Corporation marked its entry into the public markets by ringing the Nasdaq bell on October 1, 2026. Just a day later, the company’s tokenized stock, $PUSA, debuted on Solana, generating an impressive $8 million in trading volume within four hours of its listing. This figure significantly exceeded the trading volume of the actual Nasdaq-listed stock during the same timeframe.

The $PUSA token was launched on October 2, 2026, through Backpack Securities via the Sunrise platform. Each token is backed 1:1 by actual Powerus common stock held in custody, allowing holders to redeem the token for the underlying share. By the end of the first day, total trading volume for the token reached approximately $12 million.

Powerus and Its Market Position

Powerus is a defense technology firm specializing in autonomous drones and counter-drone systems. The company recently went public following a merger with Aureus Greenway Holdings Inc., which was finalized on October 1, 2026. This merger allowed legacy Powerus shareholders to maintain significant control over the new entity.

Powerus has secured notable contracts, including a $2.5 million defense purchase order for FPV aircraft and a long-term U.S. Air Force IDIQ contract for its Guardian-2 counter-drone system, potentially valued at up to $90 million through mid-2028.

Growth of Tokenized Equities on Solana

The launch of $PUSA is part of a broader trend of increasing activity in tokenized equities on Solana, with platforms like Backpack Securities facilitating significant trading volumes. Recent reports indicate that 63% of trades in Solana’s tokenized equities market occur after traditional market hours, highlighting the appeal of continuous trading.

Powerus’ entry into the tokenized stock market illustrates a shift towards integrating traditional equities with blockchain technology, allowing for more flexible trading options beyond conventional brokerage systems.

New Developments in Tokenized Stocks

• Backpack Securities has launched tokenized BlackRock shares ($BLK) on Solana, allowing users to trade 24/7.
• Backpack aims to support 10,000 symbols, significantly expanding its offerings beyond the initial SpaceX token ($SPCX).
• In the first half of 2026, tokenized stocks on Solana achieved over $4.9 billion in trading volume.
• During a measured week in 2026, Backpack's tokens captured 73% of the decentralized exchange market share for tokenized equities.
• Tokenized stocks provide flexibility for traders, enabling wallet-to-wallet transfers and integration with DeFi applications.

New Developments in Tokenized Stock Trading

• Tokenized stock trading volume on decentralized exchanges (DEXs) surged 10,163.7% year over year, reaching $48.7 billion.
• Uniswap led the market with $17.1 billion in trading volume, capturing a 60.1% market share in late September 2026.
• In Q3 2026, tokenized stock DEX volume reached $7.8 billion, indicating significant growth in this segment.
• Tokenized equities accounted for over 4% of total DEX spot volume in 2026, up from 0.1% at the end of 2025.
• Robinhood Chain, launched in July 2026, surpassed $3 billion in cumulative tokenized stock volume within three months of its launch.
• Uniswap introduced Permissioned Pools in v4, allowing issuers of regulated assets to impose restrictions on participation, enhancing compliance for tokenized stocks.
• Tokenized stocks can be traded 24/7, unlike traditional exchanges, which have limited trading hours.