Decentralized exchange Jupiter launched a beta service on July 13, 2026, that tokenizes graded physical Pokemon and One Piece cards on the Solana blockchain, allowing users to buy, sell, trade, and redeem the underlying cards.
Jupiter Gacha goes live
Jupiter, a major decentralized exchange (DEX), announced the beta launch of "Jupiter Gacha," a service that creates on-chain tokens representing authenticated, sealed physical trading cards. Each digital pack opened yields a token that is 1:1 backed by a real, graded card stored in a secure vault. The tokens can be traded or exchanged on Solana, and users can optionally request delivery of the physical card.
The beta includes a reward pool of up to $100,000 for pack openings, with users earning rewards based on usage and leaderboard rankings. Jupiter noted that some packs may contain cards worth multiples of the purchase price, citing rare cards like Charizard as examples.
How the tokenization works
Third-party grading and sealing ensure each card is authenticated, and the corresponding token is minted on Solana. All transactions—from pack purchase to opening to token transfer—are recorded on-chain. The physical cards are held in a dedicated vault, maintaining the link between digital and physical assets.
Users have three options after opening a pack: hold the token, sell or trade it on Solana, or redeem it for the physical card. This flexibility lets collectors choose between digital liquidity and physical ownership.
Real-world assets enter collectibles
The tokenization of trading cards is part of a broader trend of real-world assets (RWA) moving onto blockchain. Jupiter had already begun accepting graded card tokens as collateral for loans in June 2026, integrating collectibles into decentralized finance. Jupiter Gacha extends this concept to a wider audience, blending gaming, trading, and physical redemption.
Market watchers are focused on when the service will exit beta and which card sets will be added next. The move signals growing convergence between traditional collectibles and crypto infrastructure.