Bitwise Taps Superstate for Tokenization Push
Bitwise Asset Management has announced a partnership with fintech firm Superstate to develop tokenization capabilities for certain Bitwise funds. The company's first tokenized fund will likely be the Bitwise Solana Staking ETF (BSOL), although there is no guarantee it will launch.
The tokenization process would change how share ownership is recorded, but investors would retain the same rights and purchasing channels as before. Shareholders could choose to hold their shares in either traditional book-entry form through The Depository Trust Company or in tokenized form on a blockchain, maintained by Superstate's transfer agency infrastructure.
Bitwise holds over $9 billion in client assets and more than 70 investment products. Superstate partners with issuers and asset managers to bring securities onto the blockchain through compliant issuance, recordkeeping, and market integration platforms.