Pump.fun said on Wednesday that creators can launch coins paired with tokenized stocks, wrapped bitcoin and ether, and metals, instead of the SOL and USDC pairs the Solana launchpad has offered until now. The product is called Custom Pairs and is live in the create form.
The change brings onto Solana the trade that has driven much of Robinhood Chain's activity since July. Memecoins quoted in tokenized equities pushed Robinhood Chain past Solana in tokenized stock volume in late July, The Defiant reported. Pump.fun is now selling the same structure on its own curve and routing half the fees into buying its token.
Bonding curve and PumpSwap protocol fees on Custom Pairs are the same as on standard launches, and 50% of the revenue goes to the programmatic PUMP buyback-and-burn contract, pump.fun said. The company said in April that it had burned around $370 million of bought-back PUMP, about 36% of circulating supply, and would commit half of revenue to buybacks for a year. The Defiant reported that those buybacks later topped $400 million with the token flat.
Twenty of the pairs are new tokens minted for the launch. Sunrise, the Solana asset-listing platform that routes assets in through Wormhole's Native Token Transfers framework, said it brought 20 US stocks to Solana issued by Backpack Securities, which holds the underlying shares and redeems its tokens 1:1 for real stock.
