Defense technology firm Powerus Corporation achieved significant trading activity for its tokenized stock on the Solana blockchain shortly after its traditional market debut.
The tokenized PUSA share recorded $8 million in trading volume within four hours of listing on October 2, 2026. This figure more than doubled the dollar volume generated by the actual Nasdaq-listed stock over the same time window. By the end of the first 24 hours, the total trading volume for the token reached approximately $12 million.
The token went live through Backpack Securities using the Sunrise platform. Each PUSA token is backed 1:1 by real Powerus common stock held in custody, with holders permitted to redeem the token for the underlying share. Unlike Nasdaq, which operates during standard business hours, the token trades continuously, including after the closing bell.
Background on Powerus
Powerus is a defense technology firm specializing in autonomous drones, counter-drone systems, and US-built autonomous aerial and maritime systems. The company entered public markets on October 1, 2026, by completing a merger with Aureus Greenway Holdings Inc., and began trading on the Nasdaq Capital Market under the ticker PUSA.
Prior to its public listing, Powerus secured a defense purchase order valued at approximately $2.5 million for first-person-view drones. The company also holds a long-term US Air Force indefinite delivery, indefinite quantity (IDIQ) contract for its Guardian-2 counter-drone system, which carries a potential value of up to $90 million through mid-2028.
Solana Tokenized Equities Market
The PUSA token launch coincides with growing momentum for tokenized equities on the Solana blockchain, with platforms like Backpack Securities and xStocks facilitating notable transaction volumes. Data from Solana's tokenized equities market indicates that 63% of trades on these platforms occur after traditional market hours.
