NASDAQ-listed Upexi plans to tokenize its shares on the Solana blockchain, marking a significant step towards the integration of traditional and crypto markets.
Upexi's Share Tokenization Plans
On June 26, 2025, Upexi announced its plans to use the Opening Bell platform from Superstate to tokenize its SEC-registered shares. This initiative aims to merge public markets with crypto infrastructure.
Technological Aspects of Opening Bell
The Opening Bell platform, launched in May 2025, offers automation, token governance, and staking features, while ensuring compliance for programmable equity. Upexi CEO Allan Marshall emphasized the company's confidence in Solana's solutions.
Market and Competition on Solana
Upexi joins a growing list of companies using Solana for share tokenization. Recent developments include collaboration with DeFi Development Corp., which became the first U.S. company to tokenize its shares on Solana. Competition in this field is intensifying, and Upexi is taking an active position by increasing its SOL token holdings.
Upexi's share tokenization on the Solana blockchain marks a new phase in the integration of traditional and crypto markets, highlighting the growing popularity of blockchains among public companies.
