Aug 8, 12:26 PM

Solana Deepens Real-World Asset Push With PreStocksFi and Exodus Stock Tokens

Blockchain network Solana has broadened its real-world-asset strategy with the launch of PreStocksFi, a marketplace that tokenizes private-company equity. The platform went live on 7 August, allowing on-chain trading of synthetic shares in high-profile firms such as OpenAI, Stripe, SpaceX and Discord. The following day, the tokens were listed on Solana-based decentralized venue Jupiter Exchange, widening retail access to assets that are typically restricted to accredited investors. In a parallel move, crypto wallet provider Exodus said it is working with fintech firm Superstate to issue tokenized versions of its Class A EXOD shares on Solana. The companies said the arrangement keeps the securities within U.S. Securities and Exchange Commission rules while enabling round-the-clock trading, underscoring how blockchain rails can extend market hours for traditional assets. The pair of launches marks the latest step in Solana’s “internet capital markets” initiative, which aims to migrate equities, money-market funds and other instruments to its public ledger. Solana’s website states that assets on the network now generate about US$1.2 trillion in annual trading volume, underscoring investor appetite for tokenized products.