Solstice Launches Tokenized Preferred Stock on Solana with 20%+ APY Target

Solstice Finance has launched a new product on the Solana blockchain that allows investors to split the dividend income and price risk of Strategy's STRC preferred stock into separate senior and junior tokens.

The firm is targeting returns of over 20% APY for the junior tranche, which takes the first loss from mark-to-market movements but captures the remaining yield after senior holders are paid.

Solstice is also bringing its USX dollar product to Zebec Network's payroll platform, which processes over $500 million annually and serves more than 50,000 monthly active users.