Anthropic's shares will be tradeable around the clock on the Solana blockchain from the company's first day on the Nasdaq, under plans announced on Thursday, 12 November.

Backpack Onchain said ANT, the tokenised stock of Anthropic issued by Backpack Securities, will trade on Solana via Sunrise from the day Anthropic begins trading on Nasdaq. Users will be able to buy and sell between traditional brokers and Solana markets, with ANT available for 24-hour trading, seven days a week.

IPO dates confirmed

Anthropic expects to price its initial public offering on Wednesday, 18 November, with trading to begin on Thursday, 19 November. The offering is priced in a range of $70 to $78 a share, and reports say it has been several times oversubscribed.

Ondo Finance has also said it plans to tokenise Anthropic's stock and bring it on-chain on the day of the IPO, repeating the model it used for SpaceX. Backpack has already brought another tokenised stock to Solana through Sunrise with its Cerebras Systems launch.

Record retail demand expected

Financial research firm Vanda Research estimates net retail buying on Anthropic's first day of trading could reach around $250 million, roughly double the $118 million record set by SpaceX. The estimate is based on first-day retail trading patterns and pre-IPO perpetual futures trading in Anthropic on the Hyperliquid platform.

Tokenised stocks remain a small but fast-growing corner of crypto markets, with tokenised shares of major companies now worth billions of dollars. KuCoin and TokenPost reported the plans.