In line with a September 5 announcement, Solana (Sol) Treasury Firm Sol Methods Sol Methods has secured approval to listing NASDAQ frequent inventory.
The corporate expects buying and selling to start on September ninth underneath the ticker image “Stke” whereas sustaining the Canadian inventory trade listing underneath “HODL.”
Shares will not be traded within the OTCQB enterprise market, and current shareholders will likely be mechanically transformed to NASDAQ lists with none motion wanted.
CEO Leah Waldo stated:
“Collaborating in NASDAQ is positioning us to align with the world’s most modern expertise corporations and entice institutional traders who acknowledge the transformational potential of Solana’s infrastructure.”
She added that the listing provides elevated liquidity to shareholders while offering company entry to deeper capital markets.
Sol Methods has accomplished its transformation from a diversified crypto holding firm to Solana-First’s funding automobile after unanimously accepted the strategic shift at its shareholders assembly on July 30, 2024.
The rebranding coincided with Wald’s appointment as new CEO in early July, accelerating the buildup of investments in Sol Tokens and ecosystems.
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Greenlight is a crucial milestone for the Toronto-based firm after persevering with its strategic model from Cypherpunk Holdings to investing targeted on Solana.
Institutional curiosity in Solana Treasuries is rising
Galaxy Digital, Multicoin Capital and Soar Crypto are reportedly in search of round $1 billion to assemble the most important devoted Sol Treasury via public firm autos amid wider institutional curiosity in Solana publicity.
Cantor Fitzgerald is the lead banker of this effort. That is contemplating getting listed entities to create a facility grade Solana Treasury.
Different corporations additionally function Sol Treasuries via public markets together with Upexi, which incorporates greater than $100 million in holdings, and Defi Growth Corp. reporting with plans to worsen if 846,000 SOLs abdicated and positioned in detention.
Sol Methods hopes that the NASDAQ listing will speed up validator progress via institutional partnerships, improve operational scalability as demand for Solana staking will increase, and strengthen its place as a significant institutional gateway to the Solana ecosystem.
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