Solana Company to Tokenize Nasdaq-Listed Shares on Superstate’s Opening Bell

Overview

• The Nasdaq-traded treasury firm confirmed investors will be able to hold and transfer tokenized representations of HSDT stock on Superstate’s Opening Bell, which runs on the Solana blockchain.
• The company said the tokenized equity remains SEC-registered with existing investor protections and becomes accessible for 24/7 trading with real-time settlement through crypto wallets.
• Pantera Capital is backing the effort after co-leading Solana Company’s $500 million PIPE in September, with board member Cosmo Jiang saying he expects most onchain market activity to occur on Solana.
• HSDT shares ticked up nearly 2% to about $5.26 on the announcement after sliding roughly 64% over the past month; SOL fell about 3.4% over 24 hours during broader market weakness.
• The move follows a recent resale registration that unlocked PIPE shares and preceded a sharp sell-off, and it tracks a broader tokenization push that includes Forward Industries on Solana and FG Nexus via Securitize on Ethereum.