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# Powerus stock goes public Thursday, tokenized shares trade Friday on Solana
- URL: https://wire.fourthweb.ai/powerus-stock-goes-public-thursday-tokenized-shares-trade-friday-on-solana/
- Published: 2026-10-02T22:01:32.000Z
- Updated: 2026-10-02T22:01:33.000Z
- Description: The gap between IPO and onchain liquidity just collapsed to 24 hours. Powerus went public on NASDAQ Thursday, and by Friday its tokenized shares were trading on Solana, racking up $8 million in volume in four hours
- Author: Travis Wright
- Tags: Real World Assets, Stablecoins, Tokenized Assets, DeFi, Institutional Crypto, BlackRock, Solana, IPO Watch

**The gap between** [**IPO**](https://wire.fourthweb.ai/tag/ipo-watch/) **and onchain liquidity just collapsed to 24 hours.**

### The Summary

- [Powerus went public on NASDAQ Thursday, and by Friday its tokenized shares were trading on Solana](https://cryptobriefing.com/powerus-public-nasdaq-shares-solana/?ref=wire.fourthweb.ai), racking up [$8 million in volume in four hours](https://cryptobriefing.com/powerus-pusa-tokenized-stock-solana-volume/?ref=wire.fourthweb.ai)
- [Backpack brought tokenized BlackRock shares to Solana](https://cryptobriefing.com/backpack-tokenized-blackrock-blk-solana/?ref=wire.fourthweb.ai) as part of a broader push toward 24/7 stock trading on blockchain rails
- [Uniswap now leads tokenized stock DEX trading with $17.1 billion in volume](https://cryptobriefing.com/uniswap-leads-tokenized-stock-dex-trading/?ref=wire.fourthweb.ai), signaling this isn't fringe experimentation anymore
- Traditional market hours just became optional for a growing slice of equity trading

### The Signal

[Powerus executed what might be the fastest IPO-to-tokenization move in history](https://cryptobriefing.com/powerus-public-nasdaq-shares-solana/?ref=wire.fourthweb.ai). The company went public on NASDAQ Thursday. By Friday, [tokenized](https://wire.fourthweb.ai/tag/tokenized-assets/) versions of its shares were trading on [Solana](https://wire.fourthweb.ai/tag/solana/) under the ticker $PUSA. Not weeks later. Not months later. The next day.

[In the first four hours, $PUSA pulled $8 million in trading volume](https://cryptobriefing.com/powerus-pusa-tokenized-stock-solana-volume/?ref=wire.fourthweb.ai). That's not institutional money stress-testing infrastructure. That's retail traders who want exposure outside of 9:30am-4pm EST, and they're finding it onchain.

> "The rapid transition highlights the growing shift towards blockchain-enabled financial democratization."

[Backpack, the Solana-native exchange, is bringing tokenized BlackRock shares (BLK) to the chain](https://cryptobriefing.com/backpack-tokenized-blackrock-blk-solana/?ref=wire.fourthweb.ai). [BlackRock](https://wire.fourthweb.ai/tag/blackrock/) isn't some micro-cap momentum play. It's a $114 billion asset manager, and now pieces of it trade 24/7 alongside dog coins and perpetual futures. The technical implementation matters less than the psychological shift: if you can trade BlackRock on a Sunday at 2am, the distinction between "stocks" and "crypto" starts to blur.

[Uniswap is already doing $17.1 billion in tokenized stock volume](https://cryptobriefing.com/uniswap-leads-tokenized-stock-dex-trading/?ref=wire.fourthweb.ai), which means the infrastructure for this is past proof-of-concept. DEXs are handling equity trading at scale. The compliance questions are real. The liquidity concerns are real. But the market is moving faster than the frameworks designed to contain it.

Here's what's actually happening:

- Tokenized stocks create continuous markets where none existed
- Retail gets access to after-hours price discovery that was previously locked behind institutional desks
- [DeFi](https://wire.fourthweb.ai/tag/defi/) protocols become the plumbing for equity trading, not just [stablecoin](https://wire.fourthweb.ai/tag/stablecoins/) swaps

[The shift to 24/7 markets isn't just convenience](https://cryptobriefing.com/uniswap-leads-tokenized-stock-dex-trading/?ref=wire.fourthweb.ai). It's a fundamental restructuring of when and how price formation happens. Earnings drop at 4:01pm? You don't wait until tomorrow to react. A CEO tweets at midnight? The market reprices instantly. This compresses reaction time and redistributes who gets to participate in volatility.

### The Implication

If tokenized equities keep pulling volume at this pace, traditional exchanges face a legitimacy problem. Why should market hours exist when the technology to trade 24/7 already works? The answer used to be "because that's how settlement works." But when settlement happens in seconds onchain, that excuse evaporates.

Watch what happens when the next earnings surprise hits outside market hours. If tokenized versions move 10% before NASDAQ opens, and retail traders capture that move, the pressure to expand traditional hours becomes enormous. Or traditional markets become the place you go to custody, while blockchains become the place you go to trade.

### Sources

[Crypto Briefing](https://cryptobriefing.com/uniswap-leads-tokenized-stock-dex-trading/?ref=wire.fourthweb.ai) | [Crypto Briefing](https://cryptobriefing.com/backpack-tokenized-blackrock-blk-solana/?ref=wire.fourthweb.ai) | [Crypto Briefing](https://cryptobriefing.com/powerus-public-nasdaq-shares-solana/?ref=wire.fourthweb.ai) | [Crypto Briefing](https://cryptobriefing.com/powerus-pusa-tokenized-stock-solana-volume/?ref=wire.fourthweb.ai)