Nasdaq-listed Upexi is taking a significant step into the crypto capital markets by saying plans to tokenize its shares on the Solana blockchain.
On June 26, the corporate introduced it can carry its inventory on-chain by way of Opening Bell, a regulated on-chain fairness issuance platform developed by fintech firm Superstate. The transfer goals to supply 24/7 buying and selling, real-time settlement, and expanded investor entry through crypto-native wallets.
“Tokenizing Upexi’s shares on Opening Bell displays our sturdy conviction in Solana and our dedication to increasing shareholder entry by way of transformative on-chain expertise,” mentioned CEO Allan Marshall.
Launched in Might 2025, Opening Bell unlocks decentralized finance options like automation, token-based governance, and staking by enabling compliant programmable fairness. The announcement comes as Upexi deepens its Solana-based treasury technique.
The corporate disclosed that it now holds 735,692 Solana (SOL), an 8% enhance from 679,677 SOL in Might. At present costs, the holdings are value about $105 million.
Upexi started its pivot in April 2025 with a $100 million non-public placement led by crypto buying and selling agency GSR. It’s now the most important Solana treasury firm, aiming to build up SOL and generate returns by way of staking and yield methods.
Nevertheless, the corporate’s inventory has seen latest volatility. Shares dropped over 60% to beneath $4 on June 24 after a registration assertion allowed resale of 43.85 million shares, your complete April float. Whereas fears of insider promoting surfaced, Marshall known as the submitting routine and clarified that no insider offloading had been confirmed.
Analysts have backed Upexi’s strategic shift regardless of the volatility. Cantor Fitzgerald initiated protection in June with an “chubby” ranking and a $16 goal, citing Solana’s rising community exercise and enchantment as a treasury asset over Ethereum (ETH).
The corporate joins a rising cohort of corporations adopting Solana-native methods. DeFi Growth Corp., the primary U.S.-listed agency to tokenize inventory on Solana, partnered with Kraken and Backed to launch its DFDV inventory on June 24. The corporate now holds over 600,000 SOL and runs validator infrastructure, with its liquid staking token dfdvSOL built-in throughout Solana’s DeFi ecosystem.
In the meantime, Sol Methods Inc. holds 40,000 SOL and obtained a $500 million convertible notice in Might from ATW Companions to develop its treasury. The agency is working with Superstate to tokenize its shares through Opening Bell.
