A revolutionary step is about to happen in the financial world as Superstate, founded by the creator of Compound – Robert Leshner – officially introduces the Opening Bell platform, allowing the public issuance and trading of stocks (approved by the SEC) directly on the blockchain. And the first chosen blockchain is not Ethereum, but Solana.
Opening the era of "Web3 securities"
Previously, #Superstate primarily focused on tokenized funds like USTB (4.1% yield, $651 million in assets under management) or USCC (6% yield, $100 million in assets). However, both operate on Ethereum and are not aimed at retail investors.
With Opening Bell, the game has changed: Superstate wants to bring real stocks onto the blockchain and open the door for all investors, from institutions to individuals. The trading mechanism is simple: identity verification (KYC), being added to an approved list, then trading stocks on preferred DEXs like other crypto assets. Trading 24/7, instant payments, stored directly in blockchain wallets.
The first company to participate: SOL Strategies
The pioneering entity using this platform is SOL Strategies, a Canadian company specializing in developing infrastructure for #Solana . Previously, they announced plans to list on Nasdaq, but now choose Solana as a more significant starting point.
According to CEO Leah Wald: "We believe the future is capital markets on the Internet – and we want to be the first there."
Why choose Solana?
Leshner explains: the transaction speed, durability, and ability to handle large volumes of Solana – evidenced by recent memecoin spikes – make it capable of accommodating a new class of assets like stocks. However, Superstate does not stop here and is preparing to expand to many other blockchains.
A new approach: legal, regulated
The biggest difference compared to previous experiments like tZERO or FTX's tokenized stocks is: Superstate is following a clearly defined path, no longer using loopholes or creating synthetic tokens.
They have officially submitted a proposal to the US Securities and Exchange Commission (SEC) called Project Open, aimed at establishing a mechanism for issuing and trading real stocks on public blockchain networks.
Not just retail investors
Superstate currently has 150 institutional clients, including big names like Arrington Capital, BitGo, CoinFund, ParaFi... This shows that the demand for a blockchain-native capital market is growing, not only from individuals but also from professional investors.
Leshner concludes: "This is the necessary start for a truly capital market on the Internet. Even when Nasdaq upgrades, it will take years to catch up with blockchain – while Web3 technology is advancing rapidly and continuously."
Connect with the crypto world:
Bringing traditional stocks onto blockchain like Solana not only expands the application of DeFi but also reshapes how the global capital market operates. With continuous, transparent trading mechanisms and without intermediaries, platforms like Opening Bell can transform crypto wallets into future brokerage accounts, opening new doors for both investors on Binance and the Web3 ecosystem.
Risk warning: The cryptocurrency market and blockchain-based financial products always carry many risks and volatility. Investing in products like blockchain stocks or tokenized assets is not suitable for everyone. Please consider carefully before participating and only invest within the limits you can accept.