Wall Street Is Putting Solana ETFs Onchain 🔥
Bitwise is exploring a partnership with Superstate to tokenize shares of its $SOL Solana staking ETF, according to The Block. The proposal would let eligible investors hold a tokenized version of the ETF shares onchain while retaining the same economic rights as traditional book-entry shares.
This is bigger than simply putting an ETF on a blockchain. Bitwise already operates a U.S. Solana staking product, and tokenization could connect traditional investment products with programmable blockchain infrastructure. 👀
The move adds another layer to the growing race to bring regulated financial assets onchain. If the structure moves forward, it could give institutional investors a more seamless bridge between conventional ETF markets and decentralized blockchain rails.
Bitwise is exploring a partnership with Superstate to tokenize shares of its $SOL Solana staking ETF, according to The Block. The proposal would let eligible investors hold a tokenized version of the ETF shares onchain while retaining the same economic rights as traditional book-entry shares.
This is bigger than simply putting an ETF on a blockchain. Bitwise already operates a U.S. Solana staking product, and tokenization could connect traditional investment products with programmable blockchain infrastructure. 👀
The move adds another layer to the growing race to bring regulated financial assets onchain. If the structure moves forward, it could give institutional investors a more seamless bridge between conventional ETF markets and decentralized blockchain rails.