SOL Strategies, a Canadian investment firm and active Solana ecosystem participant, has entered into a non-binding memorandum of understanding (MOU) with Superstate, a tokenized asset management company, to explore issuing tokenized shares on the Solana blockchain. The joint effort, leveraging Superstate's new “Opening Bell” platform, aims to assess the feasibility of representing regulated, SEC-approved public equities as blockchain tokens allowing real-time, globally accessible trading with increased interoperability and efficiency.
The pilot, still at an early and exploratory stage, could make SOL Strategies one of the first publicly traded companies to bring registered shares on-chain. However, the firms emphasize that there are currently no immediate plans to issue tokens, formal regulatory engagement is pending, and the pilot is intended to be compliance-first and non-disruptive to existing operations.
This development coincides with BlackRock’s recent expansion of its $1.7 billion BUIDL fund to Solana, adding institutional credibility to Solana’s capability as an infrastructure for regulated financial products. Meanwhile, Robinhood is reportedly preparing a platform for tokenized stock trading in the EU, with Solana being a strong contender as the underlying blockchain infrastructure.
Superstate, which has registered its digital transfer agent status with the SEC, recently unveiled Opening Bell as a marketplace for companies—both public and pre-IPO—to issue and trade SEC-registered stock on-chain, promising lower settlement risks, broader investor access, and 24/7 trading. The SEC is scheduled to discuss tokenization at a forthcoming roundtable, further underscoring the trend.
The industry-wide tokenization movement is projected to grow into a multitrillion-dollar opportunity this decade as real-world assets increasingly migrate to blockchains. The success of pilots such as this one could set a precedent for future collaborations between traditional finance and high-performance blockchain networks like Solana.