Nasdaq-Listed Upexi (Upxi)A consumer goods company with a crypto-state-box strategy that is focused on Solana
said Thursday that it will tokenize its SEC-registered shares on the Solana network.
The company has tapped the opening bell, the tokenized stock issuing platform developed by Digital Asset Manager Superstate and originally available at Solana.
Read more: Superstate is expanded to tokenized shares; Sun strategies must be first list
Tokenized shares are able to shop around the clock, settle down in real time and be held in crypto drawing books. It is one of the latest trends in the thriving tokenization sector, where companies such as Kraken, Coinbase and Robinhood look at participating in it.
The company also revealed that it added approx. 56,000 sun to its treasury over the last month, which brought the total holdings to 735,692 sun, worth approx. $ 105 million.
Upexi is part of the growing kader from publicly traded companies investing in cryptocurrencies seeking to emulate the success of Michael Saylor’s strategy, the largest business owner of Bitcoin
. The company was about a Solana Treasury strategy in April and raised $ 100 million in a private location led by Crypto Trading Giant GSR.
