Solstice Launches Solana Product Linked to Strategy's STRC Preferred

Solstice Finance has introduced a new product on Solana that links to the return profile of Strategy's STRC preferred stock. The product, strcUSX, allows users to deposit Solstice's dollar-pegged settlement token, USX, and receive one of two tokens tied to dividend income from a portfolio holding STRC. The lower-risk SR-strcUSX token has priority on payouts and targets a 7% annual yield, while the JR-strcUSX token receives residual returns after senior investors are paid.

The product does not give users ownership of STRC shares but rather provides exposure to the stock's dividend income and price movements. Solstice stated that it is the first STRC-linked product launched on Solana.

STRC is a floating-rate perpetual preferred stock issued by Strategy, which pays a 12% cash dividend. The company sold 1,690 Bitcoin for $108.6 million last week and repurchased 1,152,020 shares of STRC with the same amount.