Mentioned:
HOOD -6.63% DFDV -5.32% HODL -4.81% UPXI -7.48%
Stocks might be coming soon to the Solana blockchain. And there’s a race playing out in the public markets to be a first mover.
What’s happening:
- Multiple publicly traded companies in North America have recently been pursuing tokenizing their own stocks on the Solana blockchain for the first time ever
Why it matters:
- Tokenization has continued to be a major theme in the public markets, with Robinhood (NASDAQ: HOOD) recently making waves with a new regulatory proposal to the United States Securities and Exchange Commission aiming to expand the ways in which real world assets can be tokenized on the blockchain and traded
Who is making moves:
- Sol Strategies (CSE: HODL) previously formed a partnership with regulated blockchain technology company Superstate through their Opening Bell platform to tokenize their shares
- DeFi Development Corp (NASDAQ: DFDV) just recently partnered with Kraken to tokenize their shares on Kraken’s xStocks trading platform
- Upexi (NASDAQ: UPXI) also just recently announced plans to tokenize their shares on the Solana blockchain through a new partnership with Superstate
Going deeper:
- Kraken also recently made waves in the private markets when they announced they will be rolling out fifty different tokenized stocks on their trading platform, including tokenized shares of Apple (NASDAQ: AAPL), Tesla (NASDAQ: TSLA) and Nvidia (NASDAQ: NVDA)
