OpenWorld puts its Nasdaq-listed OPNW shares on Solana as tokenized stock
In brief
- Backpack Securities issued tokenized OPNW, launched on Solana through Wormhole Labs' Sunrise gateway.
- OpenWorld said it created no new shares and the move isn't a capital raise.
- Token holders can redeem for a traditional security entitlement through Backpack Securities.
- On-chain dividend timing and tax treatment may differ, OpenWorld warned.
How the tokenized shares work
OpenWorld said tokenized OPNW supports around-the-clock trading, continuous settlement and self-custody through compatible wallets. Backpack Securities handles issuance, custody and redemption. Sunrise sets up and supports the token's market on Solana.
The exit route is the key detail. According to the company, holders can convert tokenized OPNW back into a traditional security entitlement (one they can transfer to another brokerage).
The company said the on-chain listing complements its Nasdaq listing and doesn't replace it. OpenWorld is still subject to the same SEC reporting requirements and corporate governance standards as every other Nasdaq-listed firm, and its outstanding share count hasn't changed.
"Supporting the launch of OPNW on Solana is a natural step for us, and one that reflects our confidence in the role blockchain will play in the capital markets’ future." (Matthew Shaw, CEO and Chairman of OpenWorld)
Saeed Badreg, CEO of Wormhole Labs, said the launch shows how issuers can reach international investors by bringing their stock onto a blockchain network.
Dividends come with a caveat
OpenWorld said dividends and corporate actions are supported under both ownership models. Shares held through Backpack Securities receive distributions through conventional brokerage channels. Tokenized OPNW reflects the same economic events through on-chain mechanisms.
There's a catch: OpenWorld cautioned that timing and tax treatment may differ from the traditional route.
About five weeks after the Nasdaq debut
OpenWorld went public on October 1, 2026, and the Solana launch is its first major capital-markets initiative. The company is doing to its own equity what it sells to enterprise clients, which is structuring real-world assets into blockchain-based financial instruments.
It's been busy elsewhere, too. OpenWorld announced non-binding term sheets to finance an AI patent portfolio for BeyondAI and a distributed, solar-powered AI computing network from Meridian that runs on Tesla Powerwall home batteries. It also completed its acquisition of Blocksight, a platform that uses AI agents to help with structuring, verification and investor onboarding for tokenized financing deals. The company said a planned dual listing on Figure's On-chain Public Equity Network (Figure OPEN) remains on track for the fourth quarter of 2026.
Crypto Briefing described OpenWorld as one of a small but growing number of public companies whose equity can be accessed through both a stock exchange and an on-chain marketplace.
Frequently asked questions
Can tokenized OPNW be converted back into regular shares?
OpenWorld said yes. Backpack Securities handles issuance, custody and redemption, and holders can convert tokenized OPNW back into a traditional security entitlement that can be transferred to another brokerage.
Do tokenized OPNW holders receive dividends?
The company said dividends and corporate actions are supported under both ownership models. For tokenized OPNW, those events are reflected through on-chain mechanisms. OpenWorld cautioned that timing and tax treatment may differ from the traditional brokerage route.
Did OpenWorld issue new shares for the Solana launch?
No. OpenWorld said no new shares were created for the Solana launch, the outstanding share count is unchanged and the initiative isn't a capital raise. The on-chain listing complements its existing Nasdaq listing.
