Hassan Maishera
On Friday, the Solana team announced via X that Bullish executed the first tokenized equity trades on a regulated digital asset exchange, with shares tokenized on Solana.
Bullish tokenized its own stock (BLSH) on Solana, and today those tokenized shares started trading with near-instant settlement, 24/7, USD-stablecoin-settled.
The listing establishes a regulated template that will extend beyond Bullish's own shares, bringing the properties of digital assets to equity ownership and pointing toward a future in which a broader range of securities can trade in tokenized form.
These tokens are issuer-sponsored and recorded at the registry level, giving holders direct share ownership and the same legal standing as conventional shareholders - not a synthetic position or third-party wrapper.
Trades will be able to execute and settle outside of business hours, demonstrating one of the most anticipated advantages of tokenized securities. Trading on Bullish Exchange runs 24/7, with near-instant settlement in place of the T+1 batch cycle of conventional equity markets.
Solana is an integrated, open-source blockchain that synchronizes global information at the speed of light. The network is focused on fast transactions and high throughput to encourage mass consumer adoption of blockchain technology.
Solana is a highly functional open-source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.
SOL is up 0.6% in the last 24 hours and trades at $75.78.
