Six steps, every one of them on chain. Launch a coin for free, pick any real-world asset on Solana, and 90% of its creator fees buy that asset and hold it forever.
Name it, give it a ticker and a picture, pick what it buys. The treasury launches it on pump.fun and pays for it, so it costs you nothing. It is a normal pump.fun coin: a billion tokens on the bonding curve, then PumpSwap after it graduates, tradable in SOL from any wallet or terminal.
Anything that exists as a token on Solana: tokenized stocks and ETFs from xStocks, Ondo Global Markets and Backpack Securities, pre-IPO companies from PreStocks and Tessera, gold and silver from issuers like Paxos and Tether. The catalog holds 875 of them today.
Tokens that track the same company are grouped into one underlying, so a coin pairs with NVIDIA, not with one particular NVIDIA token.
In the same transaction that creates the coin, the treasury sets up pump.fun's own fee-sharing program for it: 90% of the creator fees to the coin's vault, 10% to the treasury. On pump.fun the first update to that split is the lock. After it, nobody can change where the fees go, not even us.
The vault is a wallet made for that one coin. Its address is public from the first minute.
Every minute the engine sweeps each coin's share of the fees into its vault (once pump.fun's minimum is met). When a vault holds enough SOL above a small reserve, it asks Jupiter for a quote on every token that tracks its asset, including the ones that only trade against USDC or through RFQ market makers, takes the most units per SOL after price impact, and buys.
Each buy is a transaction signed by the vault. It shows up on the coin's page with its route and its signature.
Bars: units received per SOL after price impact. Illustrative; the real quotes change every minute.
There is no sell. The code that runs the vaults can buy their asset and nothing else: no path sells, sends or burns what a vault holds. Prices move; the number of shares and ounces only goes up.
Every coin paired with the same company adds to the same stake. Ten coins on NVIDIA build one NVIDIA position, counted in shares and in % of the company, and every one of them pushes it up the ladder.
pump.fun charges a flat 0.30% creator fee on every trade of every coin, on the bonding curve and on PumpSwap. For coins launched here, 90% of it goes to the coin's vault and 10% to the treasury. There is no other fee.
Right now the site runs the PREVIEW world: a labelled simulation of coins paired with real assets at their real live prices. Its addresses are simulated, so nothing links to an explorer until the treasury goes live.
