Solana Company (HSDT), a Nasdaq-listed digital financial company focused on Solana said Wednesday that it plans to tokenize its shares with Superstate’s Opening Bell, a regulated platform that brings traditional shares onchain.
The tokenized shares will remain SEC-registered and retain their existing protections while becoming accessible through crypto-wallets, traded around the clock and settled in real-time.
Pantera Capital, which led Solana Company’s $500 million PIPE fundraising in September, is backing the tokenization effort.
“We believe that the majority of [onchain market] activity will take place at Solana,” said Cosmo Jiang, general partner at Pantera and board member at Solana Company.
Introduced earlier this year, Superstate’s Opening Bell runs on the Solana blockchain and aims to bridge public capital markets with blockchain infrastructure.
This development joins a small but growing list of digital asset government bonds experimenting with equity tokenization. In September, fellow Forward Industries ( FORD ) revealed plans to tokenize its common shares with Superstate at Solana. Ether Treasury firm FG Nexus used Securitize to issue tokenized shares on Ethereum.
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