Public Equity to Enter Crypto Markets as Superstate Reveals 'Opening Bell'

Superstate May 8, 2025
Public Equity to Enter Crypto Markets as Superstate Reveals 'Opening Bell'

SOL Strategies announces intent to list shares on Solana via Superstate’s groundbreaking blockchain platform

New York, NY | May 8, 2025 (8:20 am ET) — In a breakthrough for public capital markets, Superstate—a technology firm connecting financial assets with crypto capital markets—today announced Opening Bell, a first-of-its-kind product that enables companies to issue and trade SEC-registered public shares directly on blockchain networks, starting on Solana. In conjunction with the launch, SOL Strategies, a publicly traded Canadian company dedicated to investing in and providing infrastructure for the Solana blockchain ecosystem, today announced its intention to use Superstate’s infrastructure to list its shares on the Solana blockchain in the coming months.

This signals a new phase in public markets––with registered public shares poised to trade directly on a major crypto market, offering broad, open access to crypto-native investors. After the necessary regulatory approvals, SOL Strategies can make its common shares tradable on Solana via Superstate’s compliant infrastructure, creating a strategic bridge between traditional public markets and the digital asset ecosystem.

Opening Bell: A New Path for Public Markets

Superstate operates a modern securities transfer agent built to support both traditional and tokenized share issuance across multiple blockchains. Previously focused on private investment funds, the company is now expanding its capabilities to support public equities as well.

With Opening Bell, companies can issue and trade real shares—on-chain and within the existing securities framework—without relying on centralized exchanges or legacy listing processes. These are not synthetic assets or wrapped tokens, but company-authorized securities that integrate directly with wallets, protocols, and blockchain-based marketplaces.

The result is continuous trading, real-time settlement, and broader access to public markets—without roadshows, intermediaries, or infrastructure built for a different era.

“The technology behind USTB and USCC, our first two tokenized assets, is now ready to power the most important capital markets in the world—public equities,” said Robert Leshner, CEO of Superstate. “Through Opening Bell, stock will become fully transferrable, programmable, and integrated into DeFi.”

Opening Bell is available to both existing public companies and late-stage private firms seeking earlier, more flexible access to liquidity. Superstate is currently onboarding issuers from crypto-native platforms, venture-backed tech, and traditional sectors.

SOL Strategies Expands to Solana with Opening Bell

In December, SOL Strategies announced its intent to list on the Nasdaq Stock Market and began the process of entering US public exchanges. Through Opening Bell, the firm will now also make its shares available in blockchain-based capital markets—creating a dual-market presence that offers broader investor access while strengthening its position as a leader in Solana’s infrastructure. This approach allows SOL Strategies to modernize its capital markets approach while maintaining its Nasdaq uplisting trajectory.

“Listing SOL Strategies’ shares on Opening Bell reflects our conviction that the future of capital formation lies in programmable, open infrastructure, powered by Solana,” said Leah Wald, CEO of SOL Strategies. “As a Solana-first company we believe real world assets, such as our stock, being accessible on the blockchain unlocks many valuable traits, including 24/7 trading, instant settlement and global access with deep liquidity. By pioneering this approach, we’re delivering on our commitment to drive innovation, increase global accessibility to our shares, and deepen our presence in the ecosystem we both invest in and help build.”

About Superstate

Superstate is a financial technology firm reshaping public capital markets. Superstate connects financial assets with crypto capital markets to expand access, improve liquidity, and advance capital formation, through on-chain public listings and tokenized securities. Learn more at https://superstate.com.

About SOL Strategies

SOL Strategies Inc. (CSE: HODL) (OTCQB: CYFRF) is a Canadian investment company that operates at the forefront of blockchain innovation. Specializing in the Solana ecosystem, the company provides strategic investments and infrastructure solutions to enable the next generation of decentralized applications. To learn more about SOL Strategies, please visit www.solstrategies.io. A copy of this news release and all the Company’s related material documents regarding the Company may be obtained under the Company’s SEDAR+ profile at www.sedarplus.ca.

Primary Media Contact: Rachel Levitan rachel@superstate.co

Secondary Media Contact: Emily Coleman emily@superstate.co

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