
Upexi, a Solana-Driven Company, to Tokenize Shares After Adding 56K SOL
The Nasdaq-listed company plans to use Superstate's platform to make its shares available on the blockchain.
Key Points:
- Upexi intends to tokenize its SEC-registered shares using the Opening Bell platform on the Solana network.
- The company boosted its Solana assets by adding 56,000 SOL, now totaling 735,692 SOL, estimated to be worth around $105 million.
- Upexi is following a growing trend among public companies investing in crypto, notably after a $100 million capital infusion led by GSR.
Upexi, a Nasdaq-listed consumer goods firm, announced its plans to tokenize its SEC-registered shares using the Solana network. The company has chosen Opening Bell, a platform developed by digital asset manager Superstate, for this initiative.
Upexi
Over the last month, Upexi has significantly increased its crypto treasury, adding 56,000 SOL, bringing its total Solana holdings to approximately $105 million. This move follows a broader trend of publicly-traded companies venturing into cryptocurrency investments, inspired by the corporate success stories, such as that of Michael Saylor, known for being a major corporate bitcoin holder.
Upexi aims to leverage this innovative approach to enhance its financial strategy and stay competitive in the evolving market landscape.
For related articles, see Superstate Expands Into Tokenized Equities.