Nasdaq-Traded Solana Company Plans to Tokenize Shares via Superstate

Solana Company, formerly known as Helius Medical Technologies, has announced its intention to tokenize shares on Superstate’s Opening Bell, a regulated platform that allows companies to transfer stocks onto a blockchain. This development means that investors will be able to hold and transfer tokenized versions of the company's shares, enabling 24/7 trading and real-time settlement while maintaining current regulatory structures and investor protections. Cosmo Jiang, a director at Solana Company, emphasized that this move represents a significant step toward creating global capital markets that operate continuously. The company recently completed a $500 million PIPE financing, co-led by Pantera Capital, which has a substantial interest in Solana. Additionally, other treasury companies in the market are exploring similar tokenization initiatives, including those in the Ethereum ecosystem. The announcement coincides with volatile trading patterns in the market.

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