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SOL Strategies has signed a memorandum of understanding with Superstate to explore tokenization of shares on the Solana blockchain.
According to Deep Tide TechFlow news, on May 10, as reported by Crowdfund Insider, the Canadian 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 market 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 exploring this regulated pathway. The company stated that it has not tokenized any shares to date and has no plans to issue derivative tokens or convert existing equity into token form. The initiative is still in the exploratory phase, and the company has not engaged with securities regulators or the Canadian Securities Exchange (CSE) regarding this move.
Leah Wald, CEO of SOL Strategies, stated that the company believes that tokenized equity in public listings represents a natural evolution of the Capital Market, and that Solana's high-performance network is the ideal foundation for that future.