The consumer product firm and Solana accumulator Upexi (ticker UPXI) plans to tokenize its company shares through Opening Bell, a Securities and Exchange Commission-registered platform out of the tokenized asset management firm Superstate that lets firms directly issue onchain public equities.
Upexi shares are already publicly traded on the Nasdaq stock exchange. By tokenizing its public equity, however, Upexi aims to offer investors round-the-clock trading and settlement, bolstered liquidity, broadened investor access, and compatibility with decentralized finance tools, according to a company release.
“Tokenizing Upexi’s shares on Opening Bell reflects our strong conviction in the future of the Solana ecosystem and our commitment to expanding shareholder access through transformative on-chain technology,” said CEO Allan Marshall. “Partnering with Superstate, a leading SEC-registered transfer agent, gives us the trusted foundation to harness Solana’s unmatched speed and scalability for our shares — unlocking new opportunities and driving long-term value for our investors.”
Upexi also disclosed that it maintains 735,692 SOL holdings, valued at around $105 million at current prices, as of June 24 — up from its 679,677 SOL disclosure on May 28.
Upexi started amassing solana in April after securing a $100 million private investment in public equity (PIPE) deal, led by the crypto trading and investment firm GSR. At the time, Upexi noted plans to not only buy up SOL but to stake its holdings, joining other publicly traded firms such as DeFi Development Corporation and SOL Strategies in building out a SOL-focused treasury strategy this year, The Block previously reported.
Superstate launched Opening Bell on May 8 to give investors access to real-time trading and settlement through blockchain technology, starting with proof-of-stake Layer 1 network Solana.
Solana’s native token SOL traded at $142.30 as of writing, according to The Block’s SOL Price Page. SOL brought in $3.6 billion in 24-hour trading volume and maintains a market cap of $78.1 billion.
UPXI common stock traded at $3.08, as per Nasdaq stock exchange data as of 1:22 p.m. ET (17:22 UTC), down 7.5%. Earlier this week, the firm’s shares fell 60%, from about $9.25 to below $4, after investors sought to resell about 44 million shares.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
