The collaboration introduces a dual-track system for investors, allowing them to choose between traditional book-entry shares via the Depository Trust Company or blockchain-recorded tokens managed through Superstate’s transfer agency infrastructure. Although the setup promises a modern alternative for holding assets, Bitwise clarified that these tokens will not be freely transferable outside of the designated blockchain environment.
In section Cryptocurrency
Bitwise Enlists Superstate to Bring Fund Shares On-Chain
Conflict lead: While Bitwise recently trimmed its workforce by 14%, the firm is doubling down on technical infrastructure, announcing a partnership with Superstate to offer tokenized versions of its investment funds. The initiative aims to shift ownership records to the blockchain without altering the underlying rights of shareholders.
The Bitwise Solana Staking ETF (BSOL) is the primary candidate for this transition, though the firm maintains that the tokenization of the product is still in development and remains subject to final confirmation. Since its October 2025 debut, the fund has attracted significant capital, reaching $861 million in assets by mid-May 2026. Superstate, which previously supported Invesco’s on-chain initiatives and Galaxy Digital’s share tokenization, will provide the necessary regulatory and technical framework for the project. Despite the strategic pivot toward blockchain-native records, Bitwise emphasizes that the core economics and shareholder rights of its $9 billion portfolio will remain unchanged.
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