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SOL Pump.fun or expand into tokenized stocks
Pump.fun, a Solana-based token creation and trading platform, may be preparing to expand its business beyond memin. On-chain data shows that the Pump.fun platform has added trading pairs related to stocks.
According to shared data, current-linked currency pairs have begun to appear on the platform. Since Pump.fun has not yet issued a comprehensive official statement on this, it is unclear whether these products are directly tokenized stocks or other types of blockchain assets that quote stock prices.
This development comes at a time when interest in tokenized shares is rapidly growing in the cryptocurrency space. Robinhood is offering token-based stock products in Europe, and xStocks, which is associated with Kraken, is also growing in this space. The London Stock Exchange Group (LSEG) recently announced plans to partner with Payward to develop a blockchain-based form of British stock representation.
