Bitwise partners with Superstate to explore tokenizing Solana staking ETF

Bitwise Asset Management has partnered with tokenization firm Superstate to explore allowing shares of its Solana staking ETF to be held onchain. The companies are developing infrastructure that would let investors choose between holding shares through the traditional Depository Trust Company system or having their ownership recorded on a blockchain through Superstate’s transfer agency infrastructure. Bitwise expects its Solana Staking ETF, which trades on NYSE Arca under the ticker BSOL, to be the first fund considered for the tokenized share option. The company cautioned that the feature remains subject to legal and regulatory requirements and there is no guarantee it will launch. Tokenization would not create a separate investment product or change the underlying rights attached to the shares. Investors would continue purchasing the same BSOL shares through existing channels, with tokenization changing only how ownership is recorded. Tokenized shares would carry the same rights as traditional shares but would not be freely transferable outside the designated recordkeeping system. Superstate provides infrastructure for bringing securities onchain, including compliant issuance, re...