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Pantera-Backed Solana Company to Tokenize Its Shares With Superstate's Opening Bell

CoinDesk
Solana Company (HSDT) plans to tokenize its SEC-registered shares using Superstate's Opening Bell platform on the Solana blockchain.

Summary

Solana Company (HSDT), a Nasdaq-listed digital asset treasury firm focused on Solana, announced plans to tokenize its shares through Superstate’s Opening Bell, a regulated platform designed to bring traditional equities onchain using the Solana blockchain.

These tokenized shares will maintain their SEC registration and existing protections but will be accessible via crypto wallets, allowing for 24/7 trading and real-time settlement. Pantera Capital, which led HSDT's $500 million PIPE fundraising, is supporting this tokenization effort, with Pantera's Cosmo Jiang expressing belief that most onchain market activity will occur on Solana.

This move follows similar initiatives, such as Forward Industries tokenizing its stock via Superstate on Solana, highlighting a growing trend among digital asset treasuries experimenting with equity tokenization on blockchain infrastructure.

(Source:CoinDesk)