A Nasdaq-listed Company Is Launching The Tokenization Of Its Shares On Solana

Long reserved for bitcoin, the role of strategic treasury asset is now expanding to other cryptos. Upexi, listed on Nasdaq, provides a concrete example: it has strengthened its treasury with 735,692 SOL, valued at over 105 million dollars. And that’s not all: the company also announces the tokenization of its shares on the Solana blockchain.

A Revolutionary Tokenization Strategy on Solana

Upexi has just reached a historic milestone by announcing the tokenization of its shares on the Solana blockchain. On June 26, Allan Marshall, CEO of the company, unveiled this partnership with Superstate and its Opening Bell platform.

This decision revolutionizes access to traditional securities: 24/7 trading, instant settlements, and new flexibility for investors.

Opening Bell allows publicly traded companies to transform their shares into tokens on the blockchain. However, investors retain all their shareholder rights while gaining access to advanced crypto features. Staking, automation, and tokenized governance become possible thanks to this innovation launched in May 2025.

“Tokenizing Upexi’s shares on Opening Bell reflects our strong conviction in the future of the Solana ecosystem“, asserts Allan Marshall. This vision places Upexi at the forefront of a financial revolution.

This trend is accelerating in the crypto ecosystem. Unlike Bitcoin treasuries popularized by MicroStrategy, Upexi is betting on Solana for its exceptional speed.

DeFi Development Corp. paved the way on June 24 by becoming the first American publicly traded company to tokenize its shares on this blockchain. Sol Strategies Inc. follows the movement with 40,000 SOL in treasury.

A SOL Treasury Making Waves Despite Volatility

Upexi establishes itself as the world’s largest Solana treasury with 735,692 SOL in its portfolio. This accumulation represents an impressive 8% increase since May, valuing holdings at around 105 million dollars at current prices.

The aggressive acquisition strategy began in April 2025 with a 100 million dollar private placement led by GSR, a crypto trading specialist.

Upexi’s approach goes beyond passive holding. The company deploys sophisticated staking and yield strategies to optimize its return on investment. This vision transforms traditional treasury into a driver of active value creation, fully exploiting the capabilities of the Solana ecosystem.

However, this strategy is not without risks. On June 24, Upexi’s stock plunged more than 60%, falling below 4 dollars after the authorization to resell 43.85 million shares. Insider massive sale fears shook investors before Marshall clarified the situation and stopped the process.

Upexi is redefining traditional finance rules by betting everything on Solana and share tokenization. This pioneering strategy, despite recent volatility, positions the company at the forefront of a major technological revolution.

In a context where Solana ETFs are on the horizon with a 91% probability of approval according to Polymarket, this vision could well prove to be visionary… and remarkably effective.