Nasdaq-listed Solana Company has formalized its plan to tokenize its stock in partnership with blockchain finance firm Superstate. If this plan comes to fruition, Solana Company's stock will be registered with the Securities and Exchange Commission (SEC) as "Tokenized Stock," allowing 24/7 trading.
According to CoinDesk, stock tokenization significantly increases liquidity and accessibility by leveraging blockchain-based transaction infrastructure while complying with existing securities regulations. This project is particularly noteworthy as a prime example of traditional finance embracing blockchain technology and transforming into a "24-hour global market."
Superstate, a tokenization platform, is rapidly gaining traction among U.S. institutional investors for its regulatory-friendly tokenized securities issuance. If Solana's stock is tokenized, investors will be able to buy and sell it freely through a blockchain wallet, without the constraints of brokers or specific market hours.
Wall Street is also focusing on the potential expansion of tokenized stock markets into various asset classes, including ETFs, bonds, and money market funds. Solana's initiative is all the more significant in that it marks one of the first examples of a traditional American company officially declaring its intention to experiment with tokenization.
If this tokenization becomes a reality, the time, location, and brokerage structure of stock trading will fundamentally change, and the transition to a blockchain-based capital market is expected to accelerate further.
