Powerus Corporation’s stock has found a dynamic new avenue for trading on the Solana blockchain, experiencing significant activity just days after its Nasdaq debut.
Tokenized Shares Surge on Solana
On October 1, 2026, Powerus Corporation officially listed on the Nasdaq. By the following day, its stock had a parallel existence on the Solana network, where it generated substantially higher trading volumes. The tokenized $PUSA share recorded $8 million in trading volume within its first four hours of listing, a figure that more than doubled the dollar volume of the actual Nasdaq-listed stock during the same period.
The token went live on October 2, 2026, facilitated by Backpack Securities through its Sunrise platform. Each $PUSA token is backed on a 1:1 basis by actual Powerus common stock held in custody, with holders retaining the ability to redeem their tokens for the underlying shares. By the close of its initial 24 hours of trading, the token’s total volume reached approximately $12 million.
A key advantage highlighted for the tokenized version is its continuous trading capability. Unlike the Nasdaq, which operates within traditional business hours, the $PUSA token can be traded around the clock, including after the stock market’s closing bell.
Powerus Corporation’s Business Focus
Powerus Corporation is a defense technology firm specializing in autonomous drones and counter-drone systems. The company’s product line features US-built autonomous aerial and maritime systems, alongside technology designed to neutralize unauthorized drones.
Public Market Entry and Contract Wins
The company achieved its public market status through a merger with Aureus Greenway Holdings Inc., which was finalized on October 1, 2026. Powerus now trades on the Nasdaq Capital Market under the ticker symbol PUSA.
This listing was preceded by significant contract awards. Powerus secured a defense purchase order valued at approximately $2.5 million for its first-person-view (FPV) aircraft, which are drones piloted via a live camera feed. Additionally, the company holds a long-term indefinite delivery, indefinite quantity (IDIQ) contract with the US Air Force for its Guardian-2 counter-drone system. This type of government contract structure establishes a potential ceiling for spending rather than a guaranteed payout, with this particular contract potentially worth up to $90 million through mid-2028.
Growing Tokenized Equities Market
The $PUSA token’s launch occurs within a burgeoning market for tokenized equities on Solana. Platforms such as Backpack Securities and xStocks are already facilitating substantial trading volumes in this space. Recent data indicates that 63% of trades within Solana’s tokenized equities market take place outside of traditional market hours, underscoring the appeal of continuous trading.
