SOL Strategies has signed a memorandum of understanding with Superstate to explore equity tokenization on the Solana network.

BlockBeats news, on May 10, Canadian listed company SOL Strategies Inc. announced that it has signed a non-binding memorandum of understanding (MoU) with the technology company Superstate, which focuses on modernizing the capital markets through blockchain infrastructure. According to the memorandum, Superstate will act as the primary transfer agent for SOL Strategies, providing the necessary platform and infrastructure for the company to issue tokens representing common stock on the Solana blockchain through Superstate’s “Opening Bell” platform. SOL Strategies aims to become the first public issuer to explore this regulated route. 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. The initiative is still in the exploratory stage, and the company has not yet engaged with securities regulators or the Canadian Securities Exchange (CSE) regarding this move. SOL Strategies CEO Leah Wald stated that the company believes that publicly listed tokenized equity represents a natural evolution of the capital markets, and Solana’s high-performance network is an ideal foundation for that future.