Solstice Finance launches STRC-linked credit tokens on Solana

Solstice Finance has launched strcUSX on the Solana blockchain, a product designed to bring structured credit models to decentralized finance. The product splits the dividend income and price risk of Strategy Inc.’s Nasdaq-listed Series A Perpetual Preferred Stock (STRC) into two distinct risk tranches.

Strategy Inc., formerly known as MicroStrategy, holds over $50 billion in bitcoin. The STRC instrument pays a 12% annualized dividend on a bi-monthly basis. Through strcUSX, investors can gain exposure to these dividends without direct bitcoin price exposure.

The senior tranche, SR-strcUSX, targets approximately 7% APY and prioritizes dividend income and principal recovery. The junior tranche, JR-strcUSX, targets returns exceeding 20% APY but absorbs the first losses from mark-to-market movements.

Additionally, Solstice is expanding its USX dollar product into the Zebec Network’s payroll platform, which manages approximately $500 million in payroll.