SOL Strategies Exploring Pathway to Tokenize Shares on Solana Blockchain
SOL Strategies Inc. (CYFRF) has signed a non-binding MOU with Superstate to explore the possibility of becoming the first public company to tokenize its shares on the Solana blockchain. Through Superstate's "Opening Bell" platform, the company aims to enable real-time settlement and create interoperability with DeFi protocols.
The initiative, announced on May 8, 2025, is currently in an exploratory phase with no immediate plans to tokenize shares or impact current shareholders. SOL Strategies, which operates as a validator in the Solana ecosystem, sees this move as aligned with its mission to build institutional trust in Solana's infrastructure. The company emphasizes that this exploration is subject to regulatory developments and has not yet engaged with securities regulators or the CSE.
SOL Strategies Inc. (CYFRF) ha firmato un memorandum d'intesa non vincolante con Superstate per esplorare la possibilità di diventare la prima società quotata a tokenizzare le proprie azioni sulla blockchain Solana. Attraverso la piattaforma "Opening Bell" di Superstate, l'azienda mira a consentire la liquidazione in tempo reale e a creare interoperabilità con i protocolli DeFi.
L'iniziativa, annunciata l'8 maggio 2025, è attualmente in fase esplorativa senza piani immediati di tokenizzazione delle azioni o impatti sugli azionisti attuali. SOL Strategies, che opera come validatore nell'ecosistema Solana, considera questa mossa in linea con la sua missione di costruire fiducia istituzionale nell'infrastruttura di Solana. L'azienda sottolinea che questa esplorazione dipende dagli sviluppi normativi e non ha ancora interagito con gli enti regolatori dei titoli o con la CSE.
SOL Strategies Inc. (CYFRF) ha firmado un memorando de entendimiento no vinculante con Superstate para explorar la posibilidad de convertirse en la primera empresa pública en tokenizar sus acciones en la blockchain Solana. A través de la plataforma "Opening Bell" de Superstate, la compañía busca habilitar liquidaciones en tiempo real y crear interoperabilidad con protocolos DeFi.
La iniciativa, anunciada el 8 de mayo de 2025, se encuentra actualmente en una fase exploratoria sin planes inmediatos de tokenizar acciones ni afectar a los accionistas actuales. SOL Strategies, que opera como validador en el ecosistema Solana, ve este movimiento alineado con su misión de generar confianza institucional en la infraestructura de Solana. La empresa enfatiza que esta exploración está sujeta a desarrollos regulatorios y aún no ha interactuado con reguladores de valores ni con la CSE.
SOL Strategies Inc. (CYFRF)는 Superstate와 비구속적 양해각서(MOU)를 체결하여 Solana 블록체인에서 자사 주식을 토큰화하는 첫 상장사가 될 가능성을 모색하고 있습니다. Superstate의 "Opening Bell" 플랫폼을 통해 회사는 실시간 결제를 가능하게 하고 DeFi 프로토콜과의 상호운용성을 창출하는 것을 목표로 합니다.
2025년 5월 8일에 발표된 이 이니셔티브는 현재 탐색 단계에 있으며, 주식을 토큰화하거나 기존 주주에게 영향을 미칠 즉각적인 계획은 없습니다. Solana 생태계에서 검증자로 활동하는 SOL Strategies는 이 움직임이 Solana 인프라에 대한 기관 신뢰 구축이라는 사명과 부합한다고 보고 있습니다. 회사는 이 탐색이 규제 발전에 따라 달라질 수 있으며 아직 증권 규제 기관이나 CSE와 접촉하지 않았음을 강조합니다.
SOL Strategies Inc. (CYFRF) a signé un protocole d'accord non contraignant avec Superstate pour explorer la possibilité de devenir la première entreprise publique à tokeniser ses actions sur la blockchain Solana. Via la plateforme "Opening Bell" de Superstate, la société vise à permettre un règlement en temps réel et à créer une interopérabilité avec les protocoles DeFi.
L'initiative, annoncée le 8 mai 2025, est actuellement en phase exploratoire, sans plans immédiats de tokenisation des actions ni d'impact sur les actionnaires actuels. SOL Strategies, qui opère en tant que validateur dans l'écosystème Solana, considère cette démarche comme alignée avec sa mission de renforcer la confiance institutionnelle dans l'infrastructure Solana. La société souligne que cette exploration dépend des évolutions réglementaires et n'a pas encore engagé de discussions avec les régulateurs des valeurs mobilières ni avec la CSE.
SOL Strategies Inc. (CYFRF) hat ein unverbindliches Memorandum of Understanding (MOU) mit Superstate unterzeichnet, um die Möglichkeit zu prüfen, das erste börsennotierte Unternehmen zu werden, das seine Aktien auf der Solana-Blockchain tokenisiert. Über die "Opening Bell"-Plattform von Superstate möchte das Unternehmen Echtzeit-Abwicklungen ermöglichen und Interoperabilität mit DeFi-Protokollen schaffen.
Die Initiative, die am 8. Mai 2025 angekündigt wurde, befindet sich derzeit in einer Erkundungsphase ohne unmittelbare Pläne zur Tokenisierung von Aktien oder Auswirkungen auf bestehende Aktionäre. SOL Strategies, das als Validator im Solana-Ökosystem tätig ist, sieht diesen Schritt als Teil seiner Mission, institutionelles Vertrauen in die Infrastruktur von Solana aufzubauen. Das Unternehmen betont, dass diese Erkundung von regulatorischen Entwicklungen abhängt und noch keinen Kontakt zu Wertpapieraufsichtsbehörden oder der CSE aufgenommen hat.
- Potential first-mover advantage in blockchain-based equity tokenization
- Strategic alignment with company's validator operations in Solana ecosystem
- Opportunity to expand global investor participation through blockchain technology
- No immediate financial commitments or risks associated with the MOU
- Early exploratory stage with no guarantee of implementation
- Regulatory uncertainty and pending approvals required
- No engagement yet with securities regulators or CSE
- Lack of defined timeline for implementation
SOL Strategies Sets Vision to Become First Public Company to Bring its Equity to the Blockchain
Toronto, Ontario--(Newsfile Corp. - May 8, 2025) - SOL Strategies Inc. (CSE: HODL) (OTCQB: CYFRF), (formerly, Cypherpunk Holdings Inc, "Sol Strategies" or the "Company"), a publicly traded Canadian company building infrastructure for the Solana ecosystem, today announced that on April 25, 2025 it signed a non-binding memorandum of understanding (the "MOU") with Superstate, a technology firm focused on modernizing capital markets through blockchain infrastructure.
Pursuant to the MOU, the Company and Superstate will explore Superstate acting as a junior transfer agent for the Company. In that role, Superstate is intended to provide the platform and infrastructure necessary for the Company to issue tokens in representation of common shares tradeable on the Solana blockchain, through Superstate's innovative "Opening Bell" platform.
Opening Bell, announced today by Superstate, aims to support SEC-registered public equities issued and traded directly on blockchain networks. The platform is designed to extend investor access, enable real-time settlement, and create interoperability with decentralized finance protocols. SOL Strategies is seeking to position itself as the first public issuer to explore this regulated pathway.
This exploration supports SOL Strategies' mission to build institutional trust in Solana's infrastructure and expand participation in decentralized networks. As on-chain activity grows-from real-world assets to decentralized finance-the Company's validator operations are positioned to benefit from the network's expansion.
"As leaders in the Solana ecosystem, our goal is to stay at the forefront of innovation," said Leah Wald, CEO of SOL Strategies. "We believe publicly listed tokenized equity represents a natural evolution in capital markets, and Solana's high-performance network is the ideal foundation for that future. By initiating this exploration, we're reinforcing our technology-first approach while opening potential new channels for global investor participation."
At this stage, no shares are being tokenized, and there is no plan to issue derivative tokens or convert existing equity into tokenized form. The Company is evaluating this opportunity through a measured, compliance-driven process with no immediate impact on shareholders or operations. This initiative does not represent a change in listing status nor require any action from current shareholders. No timeline has been set, as the process is subject to ongoing regulatory developments. The effort reflects SOL Strategies' commitment to expanding investor access through blockchain-based infrastructure while maintaining its current public listings.
The Company has not yet engaged with securities regulators or the Canadian Securities Exchange (CSE) regarding this initiative. As such, the Company cautions that this announcement remains exploratory in nature and may be considered promotional if interpreted otherwise. There are no financial commitments associated with the agreement. The Company will provide updates as the initiative progresses, but there is no guarantee it will move beyond the exploration stage.
About SOL Strategies
SOL Strategies Inc. (CSE: HODL) (OTCQB: CYFRF) is a Canadian investment company operating at the forefront of blockchain innovation. Specializing in the Solana ecosystem, the company provides institutional-grade infrastructure and strategic capital to support the next generation of decentralized applications. To learn more, visit www.solstrategies.io. Regulatory documents are available at www.sedarplus.ca.
About Superstate
Superstate is a financial technology firm reshaping capital markets by connecting financial assets with blockchain infrastructure. Its mission is to expand access, improve liquidity, and modernize how public securities are issued and traded.
Investor Contact:
John Ragozzino, CFA
solstrategies@icrinc.com
203.682.8284
Media Contact:
Taylor Hadden
solstrategies@scrib3.co
Cautionary Note Regarding Forward-Looking Information:
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements and information. More particularly and without limitation, this news release contains forward‐looking statements and information relating to the Company's or the Company's management team's expectations, hopes, beliefs, intentions or strategies regarding the future, and expectations regarding the characteristics, value drivers, and anticipated benefits of the Company's business plans and operations related thereto. Forward-looking information can also be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or indicates that certain actions, events or results "may", "could", "would", "might" or "will be" taken, "occur" or "be achieved".
Forward-looking statements in this news release include, without limitation, statements regarding the potential tokenization of shares, exploration of blockchain-based equity markets, and possible future integration with Superstate's Opening Bell platform. There is no assurance that the Company's plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.
The purpose of forward-looking information is to provide the reader with a description of management's expectations, and such forward-looking information may not be appropriate for any other purpose. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management's beliefs, estimates, and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates, and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.
Disclaimer:
SOL Strategies is an independent organization in the Solana ecosystem. SOL Strategies is not affiliated with, owned by, or under common control with Solana Foundation (the "Foundation"), and the Foundation has not entered into any association, partnership, joint venture, employee, or agency relationship with SOL Strategies.
None of the Foundation or its council members, officers, agents or make any representations or warranties, recommendations, endorsements or promises with respect to the accuracy of any statements made, information provided, or action taken by SOL Strategies and expressly disclaim any and all liability arising from or related to any such statements, information or action.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251231
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