Upexi, a Nasdaq-listed company, is set to tokenize its shares on the Solana blockchain, marking a significant entry into crypto capital markets.
The company revealed its plans on June 26, stating it will leverage Opening Bell – a regulated on-chain equity issuance platform developed by fintech firm Superstate – to bring its stock on-chain.
NEWS: UPXI is bringing its SEC-registered shares on-chain.@UpexiTreasury is using @superstatefunds Opening Bell to tokenize its stock on Solana—merging public markets with crypto rails. pic.twitter.com/195DK0Ox6v
— Upexi (@UpexiTreasury) June 26, 2025
By adopting Opening Bell, Upexi aims to offer shareholders round-the-clock trading, instant settlement, and seamless access via crypto-native wallets. CEO Allan Marshall described the move as a reflection of the company’s confidence in Solana’s technology and its mission to broaden shareholder access through blockchain innovation.
Opening Bell, launched in May 2025, integrates decentralized finance features such as automation, token-based governance, and staking while ensuring compliance for programmable equity. Upexi’s decision to tokenize comes as the company doubles down on its Solana-focused treasury approach.
According to its latest disclosure, Upexi now holds 735,692 SOL tokens, an 8% increase from the 679,677 SOL recorded in May. These holdings are currently valued at approximately $105 million. The company began this pivot in April 2025 with a $100 million private placement led by crypto trading firm GSR, positioning itself as the largest corporate holder of Solana. Its strategy focuses on accumulating SOL and generating returns through staking and yield-generating mechanisms.
Upexi joins a growing list of firms turning to Solana for tokenized equity strategies. DeFi Development Corp. recently became the first U.S.-listed firm to tokenize its shares on Solana, launching its DFDV stock on June 24 in collaboration with Kraken and Backed. The company holds over 600,000 SOL and operates validator infrastructure, with its liquid staking token, dfdvSOL, integrated across Solana’s DeFi ecosystem.
Meanwhile, Sol Strategies Inc. continues to build its Solana position, holding 40,000 SOL and securing a $500 million convertible note in May from ATW Partners to expand its treasury. The firm is also working with Superstate to tokenize its equity through Opening Bell.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
