Superstate, led by CEO Robert Leshner, is set to launch Opening Bell, a platform designed to enable the issuance and trading of SEC-registered public shares on the Solana blockchain. The initiative aims to integrate public equities into decentralized finance (DeFi), offering 24/7 trading capabilities and instant settlement. Leshner, known for founding Compound and as a partner at Robot Ventures, sees public equity as the next major chapter of tokenization. SOL Strategies, a Canadian firm focused on building infrastructure for Solana and led by CEO Leah Wald, has signed a non-binding memorandum of understanding with Superstate to explore tokenizing its shares on the Solana blockchain. This move positions SOL Strategies as a potential pioneer in listing public equities on a blockchain network. Previously, SOL Strategies announced plans to list on Nasdaq, but sees this blockchain launch as a crucial next step. Wald, who co-founded Valkyrie, a crypto ETF issuer acquired by CoinShares, believes in the future of internet capital markets. Superstate's existing offerings include the USTB fund, backed by short-term Treasurys and yielding about 4.1%, managing $651 million in assets, and the USCC fund, which offers a 6% yield from cash-and-carry trades across bitcoin, ether, and Treasurys, managing $100 million. Both funds are Ethereum-based and currently off-limits to retail investors. With Opening Bell, Superstate plans to open access to retail investors as well, requiring a standard identity check (KYC) process. Shares will be tradable on decentralized exchanges, with the fee structure yet to be disclosed. The project awaits regulatory approval, with a potential launch this summer. The initiative reflects a broader trend towards tokenization of real-world assets, with Superstate and SOL Strategies at the forefront of expanding institutional access to blockchain-based financial products. Superstate has 150 institutional clients, including Arrington Capital, BitGo, CoinFund, Flowdesk, and ParaFi. Last week, Superstate submitted a proposal to the U.S. Securities and Exchange Commission, dubbed Project Open, to enable the issuance and trading of equity securities on public blockchain networks like Solana.