Pump.fun expands launch options to include tokenized stocks and other assets

Pump.fun announced that creators can now launch new tokens paired with a broader range of quote assets, including tokenized equities, wrapped Bitcoin and Ether, and metals. The update, called Custom Pairs, adds 20 tokenized US stocks and brings the total number of supported pairs to 93.

New quote assets and liquidity

The Custom Pairs feature allows launches against assets such as tokenized Nvidia, Tesla, the S&P 500, Nasdaq‑100, as well as wrapped ETH and BTC. The deepest liquidity among the new assets is wrapped ETH with $3.07 million, followed by tokenized Micron ($2.94 million) and SK Hynix ($2.16 million). Among the tokenized equities, the S&P 500 token holds $1.35 million, Nvidia $1.13 million, and Tesla $836,210.

Fee structure and buyback program

Bonding‑curve fees for Custom Pairs remain the same as standard launches: a flat 1.25 % fee, split 0.3 % to the creator and 0.95 % to the protocol. Half of the revenue generated by these pairs is directed to Pump.fun’s PUMP buyback‑and‑burn contract. The platform previously burned roughly $400 million of PUMP tokens, representing about 36 % of the circulating supply.

Creator rewards

Creator fees are paid in the quote asset of the pair. For example, a token paired with tokenized Nvidia distributes creator rewards in tokenized Nvidia. Creators may opt into a Cashback model that routes a portion of fees to traders. Fee sharing can involve up to ten recipients, with limited updates allowed after a community takeover.

Launch timeline and existing pools

The first Custom Pair pools were launched against wrapped Bitcoin shortly after the announcement, with reserves of roughly $3,200–$3,800 each. No stock‑quoted pools were live by 5 p.m. ET on the announcement day. Previously, memecoins paired with tokenized stocks were already trading on Solana via other platforms, such as Raydium.

Market impact

Following the announcement, the PUMP token slipped 0.4 % over 24 hours, trading around $0.0043 with a market cap of $1.79 billion. Pump.fun generated $1.27 million in fees over the past 24 hours and $46.34 million over the past 30 days, with $35.38 million routed to the protocol.