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Nasdaq-listed Upexi (UPXI), a consumer-goods institution with a crypto treasury strategy focused connected Solana SOL, said connected Thursday it volition tokenize its SEC-registered shares connected the Solana network.
The steadfast has tapped Opening Bell, the tokenized equity issuance level developed by integer plus manager Superstate and initially disposable connected Solana.
Read more: Superstate Expands Into Tokenized Equities; SOL Strategies to Be First Listing
Tokenized shares are capable to commercialized astir the clock, settee successful existent clip and beryllium held successful crypto wallets. It's 1 of the latest trends wrong the booming tokenization sector, with firms similar Kraken, Coinbase and Robinhood eyeing to instrumentality portion successful it.
The institution besides revealed that it added immoderate 56,000 SOL to its treasury done the past month, bringing full holdings to 735,692 SOL, worthy astir $105 million.
Upexi is portion of the increasing cadre of publicly-traded companies that put successful cryptocurrencies, seeking to emulate the occurrence of Michael Saylor's Strategy, the largest firm proprietor of bitcoin BTC. The steadfast pivoted to a Solana treasury strategy successful April raising $100 cardinal successful a backstage placement led by crypto trading elephantine GSR.
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