Solana Company and Superstate Partner to Tokenize SEC-Registered $HSDT Shares Onchain

Newtown, Pa. — Solana Company (NASDAQ: HSDT), a publicly listed neurotech and digital asset treasury firm, has announced plans to tokenize its HSDT shares on Superstate’s Opening Bell, a regulated onchain issuance platform for tokenized equity and funds.

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The move marks a milestone in Solana Company’s effort to modernize access to public markets through regulated blockchain infrastructure. Upon launch, shareholders will be able to hold, trade, and transfer tokenized HSDT shares directly on Opening Bell — gaining the benefits of real-time settlement, 24/7 liquidity, and transparent onchain ownership while maintaining full compliance with existing securities regulations.

Bringing Public Markets Onchain

The partnership reflects a growing institutional shift toward real-world-asset (RWA) tokenization, where regulated financial products are mirrored onchain for greater liquidity and interoperability. For Solana Company, it also reinforces its dual identity — both as a neurotech innovator and a digital asset treasury holding strategic exposure to Solana (SOL).
“The tokenization of HSDT through Superstate represents a major step toward realizing the vision of global, around-the-clock capital markets — and we believe much of that activity will happen on Solana. Blockchain infrastructure will underpin the next evolution of traditional finance, and Solana Company’s leadership exemplifies the kind of forward thinking that will define this new era.”

Cosmo Jiang, General Partner at Pantera Capital & Board Director at Solana Company
Superstate’s Opening Bell: The Regulated Bridge

Launched in May 2025, Superstate’s Opening Bell enables companies to issue and maintain tokenized equity and fund shares natively on the Solana blockchain. The platform integrates programmable compliance controls, transparent recordkeeping, and institutional-grade safeguards — connecting traditional capital markets with the speed and composability of Web3.
“Solana Company’s real, SEC-registered shares will be available on Solana, accessible in a crypto wallet 24/7. That’s the seismic change in capital markets we’re leading — bringing public securities into a globally accessible, programmable financial ecosystem.”

Robert Leshner, CEO & Co-Founder of Superstate
Superstate, known for products such as USTB (a tokenized U.S. Treasury fund) and USCC (a crypto-yield-optimized fund), is one of the few regulated fintech companies bridging blockchain liquidity with public market compliance.

Institutional Backing and Strategic Alignment

The tokenization initiative follows Solana Company’s $500 million private investment in public equity (PIPE) completed in September 2025 — one of the largest digital asset treasury fundraisings of the year. The round was led by Pantera Capital and Summer Capital, with participation from institutional investors focused on the Solana ecosystem.

Pantera, an early investor in Superstate, continues to play a pivotal role in expanding institutional adoption of tokenized finance. Its collaboration with Solana Company reflects a shared mission to accelerate the convergence of crypto liquidity and traditional financial infrastructure.
“By bringing tokenized equity into regulated markets, Solana Company isn’t just adopting blockchain — it’s redefining what public ownership looks like in a digital-first economy,” said a company spokesperson.
Beyond its medical device roots, Solana Company has evolved into one of the first publicly traded digital asset treasuries dedicated to acquiring and holding Solana (SOL). Its treasury operations, structured in partnership with Pantera and Summer Capital, are designed to maximize SOL per share through strategic onchain opportunities while maintaining SEC compliance and transparency.

Learn more at solanacompany.co and superstate.com.