- Superstate is launching Opening Bell, a platform for issuing and trading SEC-approved shares on blockchain networks.
- Canada-listed SOL Strategies will become the first company to list shares through this system, with trading planned for the Solana Blockchain pending regulatory clearance.
- The initiative targets a range of investors, offering instant settlement, 24/7 trading, and aims to lower entry barriers for accessing equities worldwide.
Superstate, a blockchain company based in New York, is set to launch Opening Bell, a trading platform that allows companies to issue and trade SEC-registered public shares directly on blockchains. The company announced that SOL Strategies, a Canadian infrastructure group, will be the first to list its shares on Opening Bell, with trading expected to begin on the Solana blockchain this summer, subject to regulatory approval.
Robert Leshner, CEO of Superstate and founder of the decentralized finance firm Compound, confirmed the expansion into blockchain-based equities. Superstate had previously focused on tokenized funds, including USTB, which is backed by short-term U.S. Treasurys and manages $651 million at a 4.1% yield, and the USCC fund, which holds $100 million and yields 6%. Both funds currently operate only for institutional investors.
The Opening Bell platform will enable shares to be bought and sold around the clock, with transactions settling immediately and assets displayed in a blockchain wallet as digital tokens. Investors will undergo standard identity checks before gaining access to a list of approved assets, according to Leshner. The platform will expand support to retail users as well as institutions, and will initially run on the Solana blockchain because of its transaction speed and reliability. “Our ultimate goal is not to be an asset manager. We see public equity as the next major chapter of tokenization and our focus from here on out,” said Leshner.
Leah Wald, President and CEO of SOL Strategies, explained the decision to join Opening Bell, noting its role in building digital capital markets. “We believe that the future is Internet capital markets, and we want to be there first,” she stated. Details, such as the exact number of shares to be issued on Solana, will be finalized later. Previously, SOL Strategies had considered a Nasdaq listing but sees blockchain as a significant step forward.
Leshner emphasized that many hedge funds and venture investors already use crypto-native channels and pointed to Superstate’s client list, which includes Arrington Capital, BitGo, CoinFund, Flowdesk, and ParaFi. Wald added that issuing equities directly on blockchains makes U.S. and other global stocks more accessible for investors worldwide, citing advantages like 24/7 trading and simplified market entry.
Earlier efforts such as tZero.com/”>tZERO and tokenized shares on FTX tried to bring securities to blockchains, but Leshner highlighted Superstate’s regulated approach. Recently, Superstate submitted Project Open to the SEC to support compliant equity issuance and trading on public blockchains like Solana.
Leshner noted that while established exchanges like Nasdaq may take years to match the speed and user-friendly features of blockchain systems, the demand for direct, regulated blockchain trading is already growing among both institutional and retail investors.
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