SOL Strategies and Superstate Sign Memorandum of Understanding to Explore Equity Tokenization on the Solana Network

On May 10, Canadian publicly traded company SOL Strategies Inc. announced the signing of a non-binding Memorandum of Understanding (MoU) with Superstate, a technology company focused on modernizing capital markets through blockchain infrastructure. According to the MoU, Superstate will act as the junior transfer agent for SOL Strategies, providing the necessary platform and infrastructure to enable the company to issue tokens representing common stock on the Solana blockchain through Superstate's "Opening Bell" platform.

SOL Strategies aims to be the first public issuer to explore this regulated pathway. The company stated that it has not yet tokenized any shares and has no plans to issue derivative tokens or convert existing equity into token form. This initiative is still in the exploratory stage, and the company has not engaged with securities regulators or the Canadian Securities Exchange (CSE) regarding this move.

SOL Strategies CEO Leah Wald expressed that the company believes publicly listed tokenized equity represents the natural evolution of capital markets, and Solana's high-performance network is the ideal foundation for this future.