NEWTOWN, Pennsylvania — Solana Company (NASDAQ: HSDT), a publicly traded neurotechnology and digital asset company, announced plans to tokenize its HSDT shares at the opening bell of Superstate, a regulated on-chain issuance platform for tokenized stocks and funds.
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This move marks a milestone in Solana's efforts to modernize access to public markets through regulated blockchain infrastructure. Post-launch, shareholders will be able to hold, trade, and transfer tokenized HSDT shares directly at the opening bell, gaining the benefits of real-time settlement, 24/7 liquidity, and transparent on-chain ownership while remaining fully compliant with existing securities regulations.
Bringing the public market on-chain
This partnership reflects a growing institutional shift towards real world asset (RWA) tokenization, where regulated financial instruments are mirrored on-chain to increase liquidity and interoperability. For Solana Company, it also strengthens its dual identity as both a neurotechnology innovator and a digital asset treasury with strategic exposure to Solana (SOL).
“The tokenization of HSDT through Superstate is a major step towards realizing our vision of global 24-hour capital markets, and we believe much of that activity will take place on Solana. Blockchain infrastructure will underpin the next evolution of traditional finance, and Solana's leadership embodies the forward-thinking that will define this new era.”
Cosmo Jiang, General Partner of Pantera Capital and Director of Solana Company
Superstate Opening Bell: Regulated Bridge
Launching in May 2025, Superstate's opening bell will allow companies to issue and maintain tokenized equity and capital stock natively on the Solana blockchain. The platform brings together traditional capital markets with the speed and configurability of Web3, integrating programmable compliance controls, transparent recordkeeping, and institutional-grade protections.
“Genuine SEC-registered shares of Solana Company will be available on Solana and accessible 24/7 in your cryptocurrency wallet. This is the capital markets upheaval we are leading, bringing public securities into a globally accessible, programmable financial ecosystem.”
Robert Leshner, Superstate CEO and Co-Founder
Superstate, known for products such as USTB (Tokenized US Treasury Fund) and USCC (Cryptocurrency Yield Optimized Fund), is one of the few regulated fintech companies bridging blockchain liquidity and public market compliance.
Institutional support and strategic collaboration
This tokenization effort follows Solana Company's $500 million private investment in public equity (PIPE) completed in September 2025, one of the largest digital asset financial financings of the year. The round was led by Pantera Capital and Summer Capital, with participation from institutional investors focused on the Solana ecosystem.
As an early investor in Superstate, Pantera continues to play a pivotal role in expanding institutional adoption of tokenized finance. Our collaboration with Solana Company reflects our shared mission to accelerate the convergence of cryptocurrency liquidity and traditional financial infrastructure.
“By bringing tokenized stocks to a regulated market, Solana Company is not just embracing blockchain, it is redefining public ownership in a digital-first economy,” a company spokesperson said.
Solana Company has evolved beyond its medical device roots to become one of the first publicly traded digital asset treasuries dedicated to acquiring and owning Solana (SOL). Built in partnership with Pantera and Summer Capital, the company's treasury operations are designed to maximize SOL per share through strategic on-chain opportunities while maintaining SEC compliance and transparency.
For more information, visit solanacompany.co and superstate.com.
