According to CoinMeta, Ferrari's tokenized stocks $RACE have been launched on the Solana network through the Sunrise asset gateway, issued by Backpack Securities, and will take effect on October 6th. Each $RACE is backed 1:1 by one actual Ferrari stock, and holders can redeem them for traditional stock equity through Backpack Securities. The tokens are supported on platforms such as Phantom, Jupiter, and Raydium, and support 24/7 trading. Holders can also participate in dividends and company activities. The plan is to increase the number of tokenized stock codes on Solana from about 200 to 10,000.