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The move follows fellow Solana treasury firm Forward Industries making its stock available onchain.
Nov 12, 2025, 4:18 p.m.
Solana Company (HSDT), a Nasdaq-listed digital asset treasury company focused on Solana SOL$156.18, said on Wednesday it plans to tokenize its shares with Superstate’s Opening Bell, a regulated platform that brings traditional equities onchain.
The tokenized shares will remain SEC-registered and maintain their existing protections while becoming accessible through crypto wallets, tradable around the clock and settled in real time.
Pantera Capital, which led Solana Company’s $500 million PIPE fundraising in September, is backing the tokenization effort.
"We believe the majority of [onchain market] activity will take place on Solana," said Cosmo Jiang, general partner at Pantera and a board member at Solana Company.
Superstate’s Opening Bell, introduced earlier this year, runs on the Solana blockchain and aims to bridge public capital markets with blockchain infrastructure.
This development adds to a small but growing list of digital asset treasuries experimenting with equity tokenization. In September, fellow Forward Industries (FORD) unveiled plans to tokenize its common stock with Superstate on Solana. Ether ETH$3,445.73 treasury firm FG Nexus tapped Securitize to issue tokenized shares on Ethereum.
Read more: RWA Specialist Centrifuge Debuts Tokenization Service, Starting with Daylight
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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