Nasdaq-listed Upexi (UPXI), a consumer-goods firm with a crypto treasury technique centered on Solana
, mentioned on Thursday it can tokenize its SEC-registered shares on the Solana community.
The agency has tapped Opening Bell, the tokenized fairness issuance platform developed by digital asset supervisor Superstate and initially accessible on Solana.
Learn extra: Superstate Expands Into Tokenized Equities; SOL Methods to Be First Itemizing
Tokenized shares are capable of commerce across the clock, settle in actual time and be held in crypto wallets. It is one of many newest traits inside the booming tokenization sector, with companies like Kraken, Coinbase and Robinhood eyeing to participate in it.
The corporate additionally revealed that it added some 56,000 SOL to its treasury by the previous month, bringing whole holdings to 735,692 SOL, price roughly $105 million.
Upexi is a part of the rising cadre of publicly-traded firms that spend money on cryptocurrencies, in search of to emulate the success of Michael Saylor’s Technique, the biggest company proprietor of bitcoin
. The agency pivoted to a Solana treasury technique in April elevating $100 million in a personal placement led by crypto buying and selling large GSR.
