Solana Firm (HSDT) is a Nasdaq-listed digital asset treasury firm centered on Solana. sol$156.18introduced on Wednesday that it plans to tokenize its shares on the opening bell of Superstate, a regulated platform that brings conventional equities on-chain.
Tokenized shares will stay registered with the SEC and might be accessible via crypto wallets, tradable 24 hours a day and settled in real-time, whereas sustaining present protections.
Pantera Capital, which led Solana Firm’s $500 million PIPE funding in September, is backing the tokenization effort.
“We consider that almost all of[on-chain market]exercise will happen on Solana,” mentioned Cosmo Jiang, normal companion at Pantera and director of Solana Firm.
Launched earlier this 12 months, Superstate’s Opening Bell runs on the Solana blockchain and goals to bridge public capital markets and blockchain infrastructure.
This growth provides to a small however rising listing of digital asset treasuries experimenting with fairness tokenization. In September, peer Ahead Industries (FORD) introduced plans to tokenize its frequent inventory with Superstate in Solana. ether Ethereum$3,445.73 Finance firm FG Nexus used Securitize to subject tokenized shares on Ethereum.
Learn extra: RWA specialist Centrifuge debuts tokenization service, beginning with Daylight
