Powerus Shares Tokenized on Solana Following Nasdaq Listing

Powerus, a company specializing in autonomous drone and counter-drone technology, completed a merger with Aureus Greenway Holdings on October 1 to go public on Nasdaq. By October 2, Backpack Securities launched a tokenized version of the stock, $PUSA, on the Solana blockchain via Sunrise. The tokens are redeemable 1:1 for the underlying Nasdaq-listed shares and allow for trading outside of traditional market hours. As of 2:45 p.m. on the release day, $PUSA recorded $9.1 million in trading volume.