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Upexi Announces Intent to List SEC-Registered Shares On-Chain via Superstate’s Opening Bell
Globenewswire· 2025-06-26 12:00
Core Insights - Upexi, Inc. plans to tokenize its SEC-registered shares using the Opening Bell platform from Superstate, enhancing shareholder access and leveraging the Solana ecosystem [1][2][3] - The company currently holds 735,692 SOL, reflecting an 8% increase from 679,677 SOL reported on May 28 [3] Company Overview - Upexi specializes in the development, manufacturing, and distribution of consumer products and has diversified into the cryptocurrency space [4] - The company is recognized as the largest Solana treasury company, aiming to acquire and hold as much SOL as possible [2] Tokenization and Technology - Opening Bell, launched in May 2025, allows companies to issue tokenized public equity via blockchain, initially utilizing Solana [3] - Tokenization is expected to provide benefits such as 24/7 trading, real-time settlement, and broadened investor access without impacting existing shareholder rights [7] Leadership and Strategy - Upexi is led by CEO Allan Marshall, who emphasizes the company's commitment to the Solana ecosystem and the potential for long-term value creation through intelligent capital markets strategies [2][3] - The partnership with Superstate, a leading SEC-registered transfer agent, is aimed at harnessing Solana's speed and scalability [2]