Bitwise Asset Management is partnering with Superstate to enable investors to hold tokenized shares of select funds while maintaining the same legal and economic rights as traditional shares. The firm’s proposed Solana staking exchange-traded fund (ETF) is expected to be the first product considered for the blockchain-based structure.
Bitwise Partners With Superstate on Onchain Fund Shares
Bitwise said it is working with Superstate to bring fund share ownership onchain, allowing investors to hold tokenized representations of shares that mirror the rights and protections of their conventional counterparts. The initiative is designed to preserve existing regulatory and investor safeguards while leveraging blockchain rails for record-keeping and transfer.
Solana Staking ETF Eyed as Pilot
The company indicated that its Solana staking ETF is expected to be the first product evaluated for the tokenized share model. If implemented, the structure would place shares on a blockchain while keeping the fund’s governance, economic entitlements, and investor protections consistent with standard share classes.
Why Tokenizing ETF Shares Matters
- Operational efficiency: Representing shares on a blockchain may enable faster settlement and streamlined transfer processes compared with traditional registries.
- Transparency: Onchain records can provide verifiable, tamper-resistant ownership logs and auditability.
- Programmability: Tokenized shares can be integrated with compliant, automated workflows for corporate actions and transfers.
- Continuity of rights: The tokenized format is intended to maintain the same legal and economic rights as conventional shares.
Market and Regulatory Context
Tokenization of traditional assets has gained momentum as asset managers and technology firms explore blockchain for more efficient market infrastructure. Any rollout of tokenized share classes typically depends on operational readiness and compliance with applicable regulations and fund documentation.
Bitwise’s collaboration with Superstate underscores growing interest in bringing regulated investment products onchain, with the Solana staking ETF positioned as the initial test case for the structure.