Bitwise and Superstate test tokenized shares for Solana ETF

Bitwise Asset Management has partnered with fintech firm Superstate to test the tokenization of fund shares. The Bitwise Solana Staking ETF (BSOL) is expected to be the first candidate for this initiative.

The project aims to allow investors to choose between traditional book-entry ownership through The Depository Trust Company or blockchain-based ownership via Superstate’s transfer-agency system. Under this framework, tokenized shares would maintain the same economic and voting rights as traditional shares, without creating a separate security.

Bitwise has noted that the rollout is a development effort rather than a finished product. Implementation depends on meeting legal and regulatory requirements, and there is currently no guaranteed timeline or assurance that the capability will launch for any specific fund.