Bitwise is exploring tokenization of its Solana staking ETF in partnership with Superstate, enabling on-chain exposure to staking yields.
RWA & Tokenization ·
Bitwise is exploring the tokenization of its Solana staking ETF through a partnership with Superstate, according to reporting on the initiative. The move would enable on-chain exposure to staking yields for holders of the fund. Tokenized shares would carry the same rights as shares held in traditional book-entry form, though they would not be freely transferable outside the system.
The partnership represents an effort to bridge traditional ETF structures with blockchain infrastructure, allowing investors to hold and potentially interact with staking fund shares in a tokenized format. The arrangement maintains parity between tokenized and conventional share classes in terms of underlying rights while preserving restrictions on transferability that align with regulatory frameworks governing investment vehicles.
It remains unclear whether the tokenization effort has progressed beyond the exploration phase, what timeline Bitwise and Superstate are targeting for implementation, or which blockchain networks beyond Solana might be considered for the tokenized offering.