SOL Methods (HODL), a Toronto-listed digital asset agency targeted on the Solana blockchain, has secured approval to checklist its frequent shares on the Nasdaq International Choose Market.
Buying and selling will start Sept. 9 beneath the ticker STKE, the corporate stated Friday.
Shares will proceed to commerce on the Canadian Securities Change (CSE) beneath HODL, however can be delisted from the U.S. over-the-counter (OTC) market, the place they beforehand traded as CYFRF. Holders of OTC shares don’t have to take motion, as their shares will robotically convert to the Nasdaq itemizing.
HODL inventory is larger by 8% in Toronto motion.
The transfer marks a big milestone for the Canadian agency, previously referred to as Cypherpunk Holdings, which has rebranded round its Solana technique.
SOL Methods began shopping for solana within the second quarter of final 12 months following a strategic pivot. As of Aug. 31 the corporate held 435,064 SOL tokens, value round CAD$122 million.
The corporate stated that becoming a member of Nasdaq will improve its visibility with institutional buyers, enhance liquidity, and broaden entry to capital markets.
“This itemizing supplies our shareholders with enhanced liquidity whereas giving us entry to deeper capital markets as we proceed scaling our validator operations and increasing our ecosystem investments,” stated CEO Leah Wald. It’s additionally “validation for your complete Solana ecosystem.”
SOL Methods is positioning itself as a number one institutional gateway into Solana staking and infrastructure.
The agency stated it expects the Nasdaq itemizing to speed up validator progress, help operational scalability as Solana staking demand rises, and strengthen its position in bringing institutional capital into the community.
Learn extra: SOL Methods Recordsdata to Checklist on Nasdaq
