SOL Methods (HODL), a Toronto-listed digital asset agency targeted on the Solana blockchain, has secured approval to listing its frequent shares on the Nasdaq World Choose Market.
Buying and selling will start Sept. 9 below the ticker STKE, the corporate mentioned Friday.
Shares will proceed to commerce on the Canadian Securities Alternate (CSE) below HODL, however will likely be delisted from the U.S. over-the-counter (OTC) market, the place they beforehand traded as CYFRF. Holders of OTC shares don’t must take motion, as their shares will routinely convert to the Nasdaq itemizing.
HODL inventory is larger by 8% in Toronto motion.
The transfer marks a big milestone for the Canadian agency, previously generally known as Cypherpunk Holdings, which has rebranded round its Solana technique.
SOL Methods began shopping for solana SOL$204.98 within the second quarter of final 12 months following a strategic pivot. As of Aug. 31 the corporate held 435,064 SOL tokens, price round CAD$122 million.
The corporate mentioned that becoming a member of Nasdaq will enhance its visibility with institutional buyers, enhance liquidity, and broaden entry to capital markets.
“This itemizing gives our shareholders with enhanced liquidity whereas giving us entry to deeper capital markets as we proceed scaling our validator operations and increasing our ecosystem investments,” mentioned CEO Leah Wald. It’s additionally “validation for the whole Solana ecosystem.”
SOL Methods is positioning itself as a number one institutional gateway into Solana staking and infrastructure.
The agency mentioned it expects the Nasdaq itemizing to speed up validator progress, assist operational scalability as Solana staking demand rises, and strengthen its position in bringing institutional capital into the community.
Learn extra: SOL Methods Recordsdata to Listing on Nasdaq
