๐ฐ On September 9, Pump.fun launched Custom Pairs. New coins no longer have to be paired only with SOL or USDCโthey can also be paired directly with tokenized U.S. stocks, wrapped BTC, wrapped ETH, gold, and silver, for a total of 93 supported quote assets.
๐ฅ The first batch of U.S. stock targets includes 20 names such as NVIDIA, Tesla, Boeing, Alibaba, and Dell. In other words, after you launch a Meme coin paired with NVDA, besides being influenced by community buying and selling, the coin will also track NVIDIAโs price movements during U.S. market hoursโmaking the gameplay clearly more complex.
๐ก The stock tokens are issued by Backpack Securities. Holders have corresponding equity and dividend entitlements, and the shares are transferred via DTCC; Sunrise then uses Wormhole to bring the assets to Solana. Pump.fun handles token issuance and the bonding curve, but the official documentation also states that listing does not imply endorsement, and related assets are not audited.
๐ For creators, the temptation is certainly significant: the trading fee can be set from 0.05% to 1%, and settlement is done directly using the quote asset. Pair NVDA, and the fee you receive is tokenized NVIDIA stock. Of the revenue related to Custom Pairs, another 50% goes into PUMPโs programmatic buyback-and-burn contract.
๐ค However, on day one, the funds clearly seem to be testing the waters. The liquidity of stock targets is thinner than SOL and USDC, and the earliest pairings also prioritized wBTC. To be honest, getting the functionality to run isnโt hard; the hard part is getting degenerate โshitcoinโ players willing to hold stock tokens long-term as collateral. Would you try to buy a Meme coin paired with NVDA?
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