Upexi to Tokenize SEC-Registered Shares on Solana Network

Upexi (UPXI), a Nasdaq-listed consumer-goods company, announced it will tokenize its SEC-registered shares on the Solana network using the Opening Bell platform by Superstate.

Key points include:

Tokenized shares allow round-the-clock trading and real-time settlement.
Upexi added 56,000 SOL to its treasury in the last month, totaling 735,692 SOL valued at approximately $105 million.
The firm aims to replicate the success of companies like MicroStrategy, which has heavily invested in cryptocurrencies.
Upexi raised $100 million in a private placement in April to support its Solana treasury strategy.

Other firms, including Kraken, Coinbase, and Robinhood, are also exploring tokenized equity trading.