SOL Strategies may bring public shares on-chain using Solana and Superstate’s Opening Bell platform.
The project is in early stages with no set timeline and no official regulatory filings made yet.
BlackRock and Robinhood moves highlight growing interest in tokenized assets on Solana.
SOL Strategies is exploring the possibility of issuing tokenized shares on the Solana blockchain. This move follows a non-binding memorandum of understanding signed on April 25, 2025, with Superstate, a blockchain infrastructure firm.
https://twitter.com/solstrategies_/status/1920478852926591151
The initiative focuses on using Superstate’s new “Opening Bell” platform to evaluate the feasibility of putting regulated equity on-chain. If successful, it would mark one of the first attempts by a publicly traded company to bring its equity onto a public blockchain.
SOL Strategies operates as an active validator and ecosystem contributor within the Solana network. The firm aims to enhance institutional trust and involvement in decentralized systems.
The plan remains in its early stages. There is no fixed timeline or financial commitment yet. Regulatory approvals are still pending, and no official talks with regulators such as the Canadian Securities Exchange have taken place.
Superstate’s Role and Blockchain Advantages
Superstate would act as a junior transfer agent for the project. Its role would include managing backend systems to convert SOL Strategies’ common shares into digital tokens. These tokens would exist and function on the Solana blockchain.
According to the announcement, the proposed benefits include real-time settlement, improved access to global investors, and compatibility with decentralized finance protocols. These features could streamline capital markets by reducing delays and intermediaries.
The “Opening Bell” platform launched together with the partnership announcement. It is designed to modernize equity markets by bringing SEC-registered shares onto public blockchain networks.
Solana’s speed and low-cost transactions are key factors behind the potential move. The blockchain’s scalability supports high volumes of activity, which may help facilitate seamless equity trading.
Industry Momentum in Tokenized Finance
The initiative comes amid broader developments in tokenized finance. Robinhood is reportedly preparing to launch tokenized stock trading for its EU users. Sources suggest the platform may use Solana or Arbitrum for this feature.
Tokenized shares would offer fractional ownership and near-instant trading capabilities. These advances could lower settlement risks and increase participation among retail investors.
Separately, BlackRock recently expanded its digital liquidity fund, BUIDL, to the Solana blockchain. BUIDL provides institutional investors with on-chain access to U.S. Treasury-backed yields and daily liquidity.
Initially launched on Ethereum, the fund has since added multiple blockchain networks, including Solana. Cross-chain movement is supported by the Wormhole protocol, which connects all participating blockchains.
