First stock to be tokenized? i think the world can buy now SOL Strategies Sets Vision to Become First Public Company to Bring its Equity to the Blockchain
Toronto, Ontario--(Newsfile Corp. - May 8, 2025) - SOL Strategies Inc. 
HODL (OTCQB: CYFRF), (formerly, Cypherpunk Holdings Inc, "Sol Strategies" or the "Company"), a publicly traded Canadian company building infrastructure for the Solana ecosystem, today announced that on April 25, 2025 it signed a non-binding memorandum of understanding (the "MOU") with Superstate, a technology firm focused on modernizing capital markets through blockchain infrastructure.
Pursuant to the MOU, the Company and Superstate will explore Superstate acting as a junior transfer agent for the Company. In that role, Superstate is intended to provide the platform and infrastructure necessary for the Company to issue tokens in representation of common shares tradeable on the Solana blockchain, through Superstate's innovative "Opening Bell" platform.
Opening Bell, announced today by Superstate, aims to support SEC-registered public equities issued and traded directly on blockchain networks. The platform is designed to extend investor access, enable real-time settlement, and create interoperability with decentralized finance protocols. SOL Strategies is seeking to position itself as the first public issuer to explore this regulated pathway.
This exploration supports SOL Strategies' mission to build institutional trust in Solana's infrastructure and expand participation in decentralized networks. As on-chain activity grows-from real-world assets to decentralized finance-the Company's validator operations are positioned to benefit from the network's expansion.
"As leaders in the Solana ecosystem, our goal is to stay at the forefront of innovation," said Leah Wald, CEO of SOL Strategies. "We believe publicly listed tokenized equity represents a natural evolution in capital markets, and Solana's high-performance network is the ideal foundation for that future. By initiating this exploration, we're reinforcing our technology-first approach while opening potential new channels for global investor participation."
At this stage, no shares are being tokenized, and there is no plan to issue derivative tokens or convert existing equity into tokenized form. The Company is evaluating this opportunity through a measured, compliance-driven process with no immediate impact on shareholders or operations. This initiative does not represent a change in listing status nor require any action from current shareholders. No timeline has been set, as the process is subject to ongoing regulatory developments. The effort reflects SOL Strategies' commitment to expanding investor access through blockchain-based infrastructure while maintaining its current public listings.
The Company has not yet engaged with securities regulators or the Canadian Securities Exchange (CSE) regarding this initiative. As such, the Company cautions that this announcement remains exploratory in nature and may be considered promotional if interpreted otherwise. There are no financial commitments associated with the agreement. The Company will provide updates as the initiative progresses, but there is no guarantee it will move beyond the exploration stage.