Bitwise and Superstate launch tokenized Solana ETF shares

Bitwise and Superstate launch tokenized shares for the Solana Staking ETF, letting investors choose between traditional and blockchain-recorded shares with the same rights.

Bitwise Asset Management has teamed up with Superstate to introduce tokenized holding features for select funds, starting with the Bitwise Solana Staking ETF. This ETF is set to be the first to offer investors a choice between traditional book-entry shares and blockchain-recorded tokenized shares, both of which provide identical shareholder rights and are accessible through existing purchase channels. Tokenization will solely impact how share ownership is recorded, without altering the underlying rights or allowing transfers outside the approved recordkeeping system. Superstate will supply the transfer agency infrastructure needed to manage tokenized shares onchain. This collaboration highlights the growing trend of asset tokenization in the financial sector, aiming to boost liquidity and expand investor access. The partnership follows recent developments in the crypto market and a reduction in Bitwise's global workforce.