Introducing Tokenized RoboStrategy ($BOT)
Backpack introduces tokenized RoboStrategy ($BOT) on Solana, enabling 24/7 trading and 1:1 convertibility with real BOT shares held through Backpack Securities.
Backpack, the crypto exchange and brokerage platform, has launched a tokenized version of the RoboStrategy closed-end fund on the Solana blockchain. The token, ticker $BOT, is tradable around the clock and can be redeemed 1:1 for a real share of RoboStrategy, Inc. through Backpack Securities.
Each $BOT token represents one share of RoboStrategy (Nasdaq: BOT), a closed-end fund that provides public-market access to private and public companies in the robotics and embodied artificial intelligence sectors. The fund's portfolio includes holdings such as Figure AI, Apptronik, Dyna Robotics, Dexmate, Standard Bots, Path Robotics, REK, and GMI.
Conversion between $BOT and real BOT shares is handled directly through Backpack Exchange. Withdrawing a real BOT share from the exchange tokenizes it into $BOT on Solana; depositing $BOT from a Solana wallet converts it back into a traditional share held in Backpack Securities. The process mirrors standard stablecoin deposits and withdrawals.
The token address on Solana is BoTx8y9ynfdxf5ZjWtCoBVkff52qKA82ysaLU8ZM6d8T. Backpack notes that the offering is subject to its Securities Terms of Service, as detailed in the platform's User Agreement.
Source: Backpack