Nasdaq-Traded Solana Company Plans to Tokenize Shares via Superstate

Solana Company, formerly known as Helius Medical Technologies, plans to tokenize its shares using Superstate’s Opening Bell platform, which facilitates the movement of stocks on-chain. This initiative allows investors to hold and transfer tokenized representations of the company’s shares, providing them access to trading around the clock and enabling real-time settlement, while maintaining existing regulatory structures and investor protections. The announcement comes after a significant investment round led by Pantera Capital, which co-led a $500 million financing for the company. The tokenization process represents a step toward creating global capital markets that operate 24/7. Other treasury companies, including Ethereum-related FG Nexus, are also exploring similar tokenization endeavors. In a related market note, shares of Solana Company were trading at $5.26, a slight increase, although they have dropped approximately 64% in the past month amid broader market challenges affecting the Solana cryptocurrency, which has also seen a decline of about 22% over two weeks.

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