Sol Strategies eyes $100 million tokenised shares on Solana blockchain

Toronto-based SOL Strategies Inc. announced on April 25, 2025, a non-binding memorandum of understanding with fintech firm Superstate to explore tokenising its equity on the Solana (CRYPTO:SOL) blockchain.

The partnership aims to evaluate Superstate’s “Opening Bell” platform, designed to enable blockchain-based issuance and trading of SEC-registered public equities with real-time settlement and DeFi interoperability.

Under the agreement, Superstate would serve as a junior transfer agent, providing infrastructure to tokenise SOL Strategies’ common shares.

“We believe publicly listed tokenised equity represents a natural evolution in capital markets, and Solana’s high-performance network is the ideal foundation for that future,” CEO Leah Wald said.

She emphasised the potential for tokenisation to expand global investor access while aligning with the company’s innovation goals.

SOL Strategies clarified that no shares have been tokenised yet, and there is no immediate plan to convert existing equity or issue derivative tokens.

The initiative remains exploratory and subject to regulatory developments, with no current engagement with securities regulators or the Canadian Securities Exchange.

The company stressed that the effort is compliance-driven and will not affect current operations or its listing status.

Formerly known as Cypherpunk Holdings Inc., SOL Strategies focuses on building institutional-grade infrastructure for the Solana ecosystem.

Superstate specialises in modernising capital markets by integrating blockchain technology.

No timeline was provided for the project, and the companies noted the exploration may not progress beyond preliminary discussions.

SOL Strategies pledged to keep stakeholders informed as talks continue.

At the time of reporting, the Solana (SOL) price was $161.78.