Forward Industries (NASDAQ: FWDI), a Solana digital asset treasury company, announced that its SEC-registered shares are now live on the Solana blockchain through Superstate’s Opening Bell platform marking the first time a public company’s equity can be used directly within decentralized finance (DeFi). Via this integration, ex-US holders of Forward’s tokenized FWDI shares can now “post their equity as collateral on Kamino, one of Solana’s lending protocols.”Eligible investors can borrow stablecoins against ...

Superstate, a blockchain-focused financial technology firm, has rolled out a new platform that allows U.S. Securities and Exchange Commission (SEC)-registered public companies to issue shares directly onchain to investors on Ethereum (ETH) and Solana (SOL). Called the Direct Issuance Program, Superstate's new initiative allows companies to raise capital by selling newly-issued, tokenized equity in exchange for stablecoins. Investors receive the tokenized shares immediately, and the company’s shareholder r ...

Solana Company intends to tokenize shares on Superstate’s Opening Bell, a regulated platform enabling companies to move stocks on-chain. https://t.co/ZROnHzjjDX ...

Core Viewpoint - Solana Company is taking a significant step in modernizing capital market access by tokenizing its shares on Superstate's Opening Bell platform, which will enhance liquidity and trading efficiency through blockchain technology [1][2][3]. Group 1: Tokenization Initiative - The company plans to tokenize shares of its HSDT fund, allowing shareholders to hold and transfer tokenized representations of HSDT shares on Superstate's platform, enabling 24/7 trading and real-time settlement [1][2]. - The tokenized HSDT will maintain its regulatory structure and investor protections while benefiting from blockchain's efficiency and accessibility [2][4]. Group 2: Strategic Partnerships - The partnership with Superstate highlights Solana Company's commitment to innovation in real-world asset tokenization and on-chain capital markets [3][4]. - Pantera Capital, an early investor in Superstate, will support this initiative to accelerate institutional adoption of tokenized markets [5]. Group 3: Recent Financing - The initiative follows Solana Company's $500 million PIPE financing, one of the largest digital asset treasury fundraisings of the year, led by Pantera Capital and Summer Capital [6]. - This financing reflects strong institutional support for Solana Company's strategy to expand its digital asset treasury and integrate real-world assets into on-chain capital markets [6]. Group 4: Company Overview - Solana Company is a publicly listed entity focused on acquiring and holding Solana (SOL) as part of its digital asset treasury strategy, aiming to maximize SOL per share through capital markets [8]. - The company is also involved in the neurotech field, developing technologies to improve the lives of individuals with neurologic diseases [8].

Core Insights - Exodus Movement, Inc. has announced that shareholders can hold their Class A shares as common stock tokens on the Solana blockchain, facilitated by Superstate [1][2][3] - The company is the first publicly traded entity to offer a common stock token, which is also available on Algorand, showcasing its commitment to multichain functionalities [2][3] - The CEO of Exodus emphasized the importance of tokenization in the financial sector and expressed excitement about the integration with Solana, which hosts a vibrant community of crypto enthusiasts [3] Company Overview - Exodus is a financial technology leader that provides secure and user-friendly crypto software solutions, making digital assets accessible since 2015 [5][6] - The company offers self-custodial wallets that allow customers to manage their funds independently, along with business solutions like Passkeys Wallet and XO Swap [6] Technology and Platform - Superstate's Opening Bell platform, launched in May 2025, enables companies to issue tokenized public equity on blockchains, starting with Solana [4][7] - The platform allows for compliant and programmable equity to engage with digital finance ecosystems, enhancing liquidity and capital formation [7]

Core Viewpoint - Exodus Movement, Inc. has announced that shareholders can hold their Class A shares as common stock tokens on the Solana blockchain, facilitated by Superstate, marking a significant step in the tokenization of equity [1][2][3] Group 1: Company Developments - Exodus is the first publicly traded company to offer a common stock token, which now exists on both Solana and Algorand, showcasing its commitment to multichain functionalities [2] - The CEO of Exodus, JP Richardson, emphasized the importance of tokenization in the financial sector and expressed excitement about the digital representation of Exodus' Class A shares on Solana, a platform popular among crypto enthusiasts [3] - The Opening Bell platform, launched by Superstate, enables companies to issue tokenized public equity on blockchains, initially focusing on Solana, thus enhancing compliance and programmability in equity [4] Group 2: Company Background - Exodus is a financial technology leader that has been providing secure and user-friendly crypto software solutions since 2015, focusing on making digital assets accessible through multi-asset crypto wallets [5][6] - The company offers self-custodial wallets that allow customers to have full control over their funds, facilitating crypto transactions and swaps [6] Group 3: Industry Context - The tokenization of stocks on the blockchain is viewed as the future of the financial sector and capital markets, with a focus on expanding access and improving liquidity through on-chain public investment products [3][7]

Core Insights - Backpack Exchange has announced a partnership with fintech company Superstate to integrate its on-chain stock platform, Opening Bell, into the exchange [1] - This integration will allow Backpack users to trade stocks of SEC-registered public companies, which will have the same CUSIP codes as stocks listed on NASDAQ or NYSE [1] - Superstate will act as the transfer agent for the issued stocks, providing investors with direct ownership and associated rights [1] - The first batch of supported tokenized stocks and the launch date will be announced in the coming weeks [1]

Core Viewpoint - SharpLink Gaming, Inc. intends to tokenize its SEC-registered common stock directly on the Ethereum blockchain, marking a significant step in the integration of traditional finance with blockchain technology [1][2][3] Company Overview - SharpLink is one of the largest corporate holders of Ether (ETH) and advocates for Ethereum adoption, having accumulated over 838,000 ETH and generated 3,815 ETH in staking rewards as of late September 2025 [6][8] - The company aims to build a trusted digital asset treasury and accelerate global adoption of the Ethereum network [5] Partnership and Technology - SharpLink has appointed Superstate as its Digital Transfer Agent to facilitate the tokenization of its equity on Ethereum through the Opening Bell platform [1][2] - The collaboration aims to explore regulated trading of tokenized shares on Automated Market Makers (AMMs) and other decentralized finance (DeFi) protocols [3][4] Market Impact - The initiative is aligned with the SEC's Project Crypto, which seeks to modernize U.S. securities regulation to better accommodate digital assets and blockchain markets [3] - Tokenizing equity on Ethereum is expected to enhance liquidity, broaden utility, and modernize capital flows, potentially redefining market structures [4][5] Future Prospects - SharpLink's tokenized equity could facilitate secondary market trading on AMMs, showcasing the compliance and utility of tokenized securities [4] - The Opening Bell platform allows for compliant on-chain equity issuance, enabling shares to be held in self-custodied wallets and integrated with digital financial products [5][9]

Core Insights - Forward Industries plans to tokenize its stock on the Solana blockchain through Superstate's Opening Bell platform, aiming to be one of the first public companies to issue tokenized equity directly on-chain [1][2] - The initiative is part of a broader strategy to build a balance sheet anchored by Solana, integrating traditional equity with decentralized finance infrastructure [4][5] Tokenization and Trading - Shareholders will have the option to convert their common stock into tokenized FORD shares, enabling 24/7 trading, near-instant settlement, and increased global liquidity [2][3] - Forward Industries is collaborating with major Solana-based protocols to make tokenized shares usable as collateral in lending systems [3] Strategic Partnerships and Investments - Forward intends to take an equity stake in Superstate to align interests and further product development [3] - The company recently closed a $1.65 billion private investment in public equity financing, the largest Solana-focused digital asset treasury financing to date, which funded the purchase of 6.8 million SOL [5][6] Future Capital Raising Plans - Forward submitted plans for a $4 billion at-the-market equity program with Cantor Fitzgerald as distributor to raise additional capital for Solana acquisitions and working capital [7]

Core Insights - Galaxy Digital Inc. has partnered with Superstate to enable the tokenization of its SEC-registered public equity, marking a significant milestone as the first public company to do so on a major blockchain [1][5][4] - The tokenization process allows stockholders to hold Galaxy shares onchain, providing benefits such as real-time ownership updates and compliance with traditional equity regulations [3][7] Company Overview - Galaxy Digital is a global leader in digital assets and data center infrastructure, focusing on solutions that enhance finance and artificial intelligence [10][11] - The company aims to bridge traditional equities with blockchain technology, enhancing transparency, programmability, and efficiency in capital markets [4][6] Tokenization Process - Stockholders can tokenize their GLXY shares through Superstate's Opening Bell platform, which directly involves the issuer in the tokenization process [2][3] - The tokenized shares are legally equivalent to traditional equity and are recorded onchain by Superstate, acting as the SEC-registered transfer agent [3][5] Market Impact - This initiative represents a transformative step in public equity infrastructure, allowing for 24/7 market potential and near-instant settlement of transactions [4][5] - Galaxy and Superstate are exploring the potential for tokenized public equities to trade via Automated Market Makers (AMM), which could enhance liquidity and utility for investors [6][7] Regulatory Compliance - The tokenization process is designed to comply with regulatory standards, ensuring that the shares remain fully compliant with existing securities laws [4][6] - Approved KYC'd investors will be able to hold and transfer the tokenized shares within their crypto wallets, with ownership records updated in real-time [7]