According to BlockBeats news on May 10, Canadian listed company SOL Strategies Inc. announced that it has signed a non-binding memorandum of understanding (MoU) with technology company Superstate, which focuses on modernizing capital markets through blockchain infrastructure. Under this memorandum, Superstate will act as the primary transfer agent for SOL Strategies, providing the necessary platform and infrastructure to enable the company to issue tokens representing common stock on the Solana blockchain through Superstate's 'Opening Bell' platform.
SOL Strategies hopes to become the first public issuer to explore this regulated path. The company stated that it has not yet tokenized any shares and has no plans to issue derivative tokens or convert existing equity into token form. The initiative is still in the exploratory phase, and the company has not engaged with securities regulators or the Canadian Securities Exchange (CSE) regarding this move.
SOL Strategies CEO Leah Wald stated that the company believes that publicly listed tokenized equity represents a natural evolution of the capital markets, and that Solana's high-performance network is an ideal foundation for this future.
