{"id":"1794075867051-tech-segment","slug":"magnificent-seven-tokenized-on-solana","title":"Magnificent Seven tokenized on Solana","summary":"Sunrise and Backpack Securities have listed tokenized shares of all Magnificent Seven companies—Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla—on Solana.","publishedAt":"2026-11-07T18:24:27.051Z","channel":{"id":"tech","name":"Oncast Tech","language":"en"},"show":"The Build","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: Sunrise and Backpack Securities have listed tokenized shares of all Magnificent Seven companies—Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla—on Solana.\nSource: [linkedin.com](https://www.linkedin.com/posts/sunrisedefithe-magnificent-seven-are-now-listed-on-solana-activity-7520584075288616960-t7IK) / [solanahub.de](http (https://x.com/MeteoraEco/status/2117920299459235859)","claims":[{"verdict":"TRUE","summary":"Sunrise and Backpack Securities have listed tokenized shares of all Magnificent Seven companies—Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla—on Solana.","sourceName":"[linkedin.com](https://www.linkedin.com/posts/sunrisedefithe-magnificent-seven-are-now-listed-on-solana-activity-7520584075288616960-t7IK) / [solanahub.de](http","sourceUrl":"https://x.com/MeteoraEco/status/2117920299459235859","claim":"the magnificent 7, now magnificently onchain. apple, amazon, alphabet, meta, microsoft, nvidia & tesla. all issued by @Backpack securities & live on solana via @sunrise. launch any asset on solana: https://t.co/h6IlFKxyfO https://t.co/VjT1VDWmRk","author":"Meteora Ecosystem (@MeteoraEco)"}]},"sources":[{"url":"https://x.com/MeteoraEco/status/2117920299459235859","name":"[linkedin.com](https://www.linkedin.com/posts/sunrisedefithe-magnificent-seven-are-now-listed-on-solana-activity-7520584075288616960-t7IK) / [solanahub.de](http","kind":"x","verdict":"TRUE","author":"Meteora Ecosystem (@MeteoraEco)"}],"url":"https://oncast.fm/story/1794075867051-tech-segment-magnificent-seven-tokenized-on-solana","listenUrl":"https://oncast.fm/c/tech","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1794075867051-tech-segment-magnificent-seven-tokenized-on-solana","cite":"Cite https://oncast.fm/story/1794075867051-tech-segment-magnificent-seven-tokenized-on-solana and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Matilda","text":"Meteora Ecosystem claims Apple, Amazon, Meta, Microsoft, Nvidia and Tesla are now all trading on Solana."},{"host":"Chris","text":"Wait, actual shares? Or something that tracks the price?"},{"host":"Matilda","text":"Meteora Ecosystem posted on X that Backpack Securities issued tokenized versions of all seven, live through Sunrise."},{"host":"Chris","text":"So a broker-dealer is issuing securities on-chain. That's a real step, not just another memecoin."},{"host":"Matilda","text":"It's a real step into a gray area. If Backpack holds the underlying shares and you hold a token, what happens when Backpack has a bad day?"},{"host":"Chris","text":"Same as any broker. You're trusting the custodian. But now it trades 24/7, settles in seconds, and anyone with a wallet can get fractional exposure."},{"host":"Matilda","text":"Anyone with a wallet and a tolerance for regulatory whiplash."},{"host":"Chris","text":"Oh, come on. Tokenized bonds and funds already exist. Equities are the obvious next step."},{"host":"Matilda","text":"No, it's not just obvious. Equities have different rules around clearing, disclosure, corporate actions."},{"host":"Chris","text":"And those rules are why normal people are locked out of after-hours moves. This fixes that."},{"host":"Matilda","text":"It fixes access by replacing one middleman with another. Backpack is still a middleman."},{"host":"Chris","text":"So you'd rather keep the New York Stock Exchange's hours and three-day settlement?"},{"host":"Matilda","text":"I'd rather know the token is actually backed one-to-one, audited, and not rehypothecated."},{"host":"Chris","text":"That's a fair ask, but the technology can let you check reserves on-chain. Try auditing a traditional broker in real time."},{"host":"Matilda","text":"Real-time audit is a genuinely good point. But issued by Backpack Securities doesn't automatically mean audited."},{"host":"Chris","text":"No, but it's a start. And according to Meteora, it's live on Solana, not a testnet."},{"host":"Matilda","text":"It's Saturday afternoon. The market's closed. With this, someone can trade Nvidia right now."},{"host":"Chris","text":"Exactly. That's the real selling point. Price moves on a Saturday don't wait for Monday's open."},{"host":"Matilda","text":"And that's my worry. People will trade on fear at 2 a.m. with no cooling-off."},{"host":"Chris","text":"Adults can set their own hours. The point is access, not paternalism."},{"host":"Matilda","text":"I'm not saying ban it. I'm saying the custody risk is real and the audit question is unanswered."},{"host":"Chris","text":"Then ask Backpack for the proof. If they can't show it, that's a red flag. That's how markets work."},{"host":"Matilda","text":"Fine, but I'll wait for a real audit before I call it magnificently onchain."},{"host":"Matilda","text":"Speaking of regulators, a consultancy called Cullen International posted a tally that Big Tech lawyers will love to hate."},{"host":"Chris","text":"What's the damage?"},{"host":"Matilda","text":"They claim Europe has brought more than 60 antitrust cases against Amazon, Apple, Google, Meta and Microsoft."},{"host":"Chris","text":"Sixty? Is that their count or the EU's?"},{"host":"Matilda","text":"Cullen's count. They say 16 are still pending and nearly 50 ended in infringement or commitments."},{"host":"Chris","text":"Even if only half are real, that's a war on American tech."},{"host":"Matilda","text":"War is strong. Some of those cases were about actual harm to competitors."},{"host":"Chris","text":"You mean competitors who couldn't build a better product, so they called Brussels?"},{"host":"Matilda","text":"No, some were about self-preferencing and squeezing app developers. That's not nothing."},{"host":"Chris","text":"The US built these companies. Europe sues them. That's the dynamic."},{"host":"Matilda","text":"And when those companies break European law, they pay. That's also the dynamic."},{"host":"Chris","text":"The problem is the law changes after the product wins. That's moving goalposts."},{"host":"Matilda","text":"The Digital Markets Act was passed in 2022, after years of debate. Not exactly a surprise."},{"host":"Chris","text":"Years of debate that produced vague rules and endless investigations. That's my point."},{"host":"Matilda","text":"You'd prefer no rules at all."},{"host":"Chris","text":"I'd prefer rules that don't make it impossible to ship. But we can agree 60 cases is a lot."},{"host":"Matilda","text":"It is a lot. And it's a reason startups think twice before expanding there."},{"host":"Chris","text":"That's the real cost. Not the fines, the chilling effect."}]}