Catenaa, Saturday, July 05, 2025-Upexi, a consumer products firm and major Solana holder, plans to tokenize its publicly traded shares through Opening Bell, a Securities and Exchange Commission–registered platform run by Superstate.
The move is designed to enable around-the-clock trading and settlement on the Solana blockchain, boost liquidity, broaden investor access and integrate with decentralized finance tools.
Upexi’s stock already trades on Nasdaq under the ticker UPXI.
By issuing on-chain equity tokens, the company aims to offer faster settlement and greater transparency than traditional markets, according to a company statement.
CEO Allan Marshall said partnering with Superstate, a leading SEC-registered transfer agent, gives Upexi a trusted foundation to leverage Solana’s speed and scalability for its shares.
As of June 24, Upexi held 735,692 SOL, valued at roughly $105 million, up from 679,677 SOL on May 28.
The firm began accumulating Solana in April following a $100 million private investment in public equity deal led by GSR. Upexi also plans to stake its SOL holdings, joining other publicly traded entities pursuing Solana-focused treasury strategies.
Superstate launched Opening Bell on May 8 to facilitate real-time trading and settlement of tokenized equities on Solana, marking a significant expansion of on-chain real world assets.
Industry observers say tokenized stocks could reshape capital markets by combining familiar financial instruments with blockchain efficiencies.
Upexi will issue on-chain shares via Superstate’s Opening Bell
Tokenization aims to enable 24/7 trading, settlement and liquidity
Upexi holds 735,692 SOL valued at about $105 million
Superstate platform launched May 8 for real-time tokenized equity trades
Upexi will tokenize its Nasdaq-listed shares on Solana via Superstate’s Opening Bell, enabling round-the-clock trading, liquidity and DeFi integration.
