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SOL Strategies has signed a memorandum of understanding with Superstate to explore the issuance of tokenized stocks on Solana.
According to Mars Finance, Canadian listed company SOL Strategies, known as "Solana version of MicroStrategy", has announced that it has signed a non-binding memorandum of understanding with fintech company Superstat, planning to explore the issuance of tokens representing common stock on the Solana blockchain through the Superstate platform. SOL Strategies stated that this move aligns with its mission to build institutional-grade infrastructure in the Solana ecosystem, aiming to enhance market transparency and efficiency. However, the project is currently in the preliminary exploration stage and has not yet engaged with Canadian securities regulators or the Canadian Securities Exchange (CSE), and there is no clear timetable or direct impact on existing shareholders.