CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Pump.fun launches custom pairs for tokenized stocks and real-world assets on Solana

Source Fxstreet
  • Pump.fun launched Custom Pairs, allowing creators to pair newly launched tokens with tokenized stocks, metals and other assets.
  • The feature initially supports 93 custom asset pairs through partnerships with Sunrise and xStocksFi.
  • Pump.fun will direct 50% of Custom Pairs revenue toward its programmatic PUMP token buyback-and-burn smart contract.

Pump.fun (PUMP) announced the launch of Custom Pairs, allowing users to create tokens paired with tokenized stocks, major cryptocurrencies, metals and other assets.

Pump.fun brings tokenized stock pairs to token launches

The token generation platform stated that creators can select a custom pair when launching a token through its website or mobile app. The update expands the range of assets that can be used as quote tokens, Pump.fun announced Wednesday.

Creators can choose a Creator Fee between 0.05% and 1% or use the Cashback model, which returns trading fees to users. The platform stated that fees will be paid in the quote asset.

Coin administrators can also distribute Creator Fees among up to 10 recipients. These settings are locked after the initial configuration, although Pump.fun stated that limited changes may be possible if a token undergoes a community takeover.

“If a token is CTO’d, the fee sharing configuration will be unlocked and the new Coin Admin will be granted one update to the existing configuration before it is locked again,” the platform wrote on X.

The feature initially includes partnerships with Sunrise and xStocksFi, also referred to as xStocks. Pump.fun shared that Sunrise has added 20 asset pairs representing stocks, including Boeing (BA), Alibaba (BABA), Costco (COST), Dell (DELL), Johnson & Johnson (JNJ), Lockheed Martin (LMT), Pfizer (PFE), Rivian (RIVN), Shopify (SHOP) and Snap (SNAP). Other available assets include BULL, DJT, HIMS, IBM, LULU, MGM, QUBT, RBLX, RDDT and UPS.

Pump.fun will initially support 93 custom asset pairs, with additional tokenized pairs expected soon. The assets are tokenized representations of equities and other traditional assets already available on Solana.

Fees remain unchanged for bonding curves and PumpSwap

Pump.fun said Custom Pairs will use the same protocol fee structure as its standard launches on the bonding curve and PumpSwap.

The platform will direct 50% of revenue generated through Custom Pairs to its programmatic buyback-and-burn smart contract for the PUMP token.

Pump.fun's move comes as tokenized equities and other real-world assets continue to expand across Solana and other blockchain networks.

Platforms such as xStocks already offer tokenized US equities and exchange-traded funds, while Sunrise and Backpack Securities have also expanded access to tokenized financial assets on Solana.

Centralized exchanges have also increasingly opened their doors to tokenized asset trading, offering round-the-clock support for major traditional assets onchain.

PUMP is trading at $0.00412, down 5% at the time of writing despite the announcement.

Disclaimer: The content available on Mitrade Insights is provided for informational and marketing purposes only. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research
Nothing in this material constitutes investment advice, personal recommendation, investment research, an offer, or a solicitation to buy or sell any financial instrument. The content has been prepared without consideration of your individual investment objectives, financial situation, or needs, and should not be treated as such.
Past performance is not a reliable indicator of future performance and/or results. Forward-looking scenarios or forecasts are not a guarantee of future performance. Actual results may differ materially from those anticipated.
Mitrade makes no representation or warranty as to the accuracy or completeness of the information provided and accepts no liability for any loss arising from reliance on such information.
placeholder
Ripple and Stellar outlook: XRP ETF demand strengthens, XLM RWA market hits $4 billion milestoneRipple (XRP) and Stellar (XLM) are showing signs of recovery on Tuesday after rebounding slightly the previous day, following double-digit corrections last week.
Author  FXStreet
Sep 01, Tue
Ripple (XRP) and Stellar (XLM) are showing signs of recovery on Tuesday after rebounding slightly the previous day, following double-digit corrections last week.
placeholder
WTI Price Forecast: Climbs above $86.00 as 100-day SMA breakout comes into playWest Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts buyers for the second straight day on Tuesday as escalating US-Iran tensions and the standoff over the Strait of Hormuz continue to fuel supply concerns.
Author  FXStreet
Sep 01, Tue
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts buyers for the second straight day on Tuesday as escalating US-Iran tensions and the standoff over the Strait of Hormuz continue to fuel supply concerns.
placeholder
Gold steadies below $4,350 as surging yields offset support from Fed rate-hold betsGold price (XAU/USD) holds steady near $4,335 after pulling back from an early-June top near $4,450 during the early Asian trading hours on Wednesday.
Author  FXStreet
Aug 19, Wed
Gold price (XAU/USD) holds steady near $4,335 after pulling back from an early-June top near $4,450 during the early Asian trading hours on Wednesday.
placeholder
BTC holds recent gains above 50-day EMA amid improving momentumBitcoin (BTC) slides slightly but holds most of the recent gains, reclaiming the 50-day Exponential Moving Average (EMA) at $64,300 at the time of writing on Tuesday after rising 2.5% the previous day.
Author  FXStreet
Aug 18, Tue
Bitcoin (BTC) slides slightly but holds most of the recent gains, reclaiming the 50-day Exponential Moving Average (EMA) at $64,300 at the time of writing on Tuesday after rising 2.5% the previous day.
placeholder
Silver Price Forecast: XAG/USD remains sideways around $65, FOMC takes centre stageSilver price (XAG/USD) continues to trade in a limited range at around $65.30 during the European trading session on Tuesday.
Author  FXStreet
Aug 18, Tue
Silver price (XAG/USD) continues to trade in a limited range at around $65.30 during the European trading session on Tuesday.
goTop
quote