First Block, Onpharma Company, and Crito Capital Announce First Solana Sto for U.S. Medical Device Business
First Block, Onpharma Company, and Crito Capital announce the launch of what is described as the first Solana-based Security Token Offering (STO) for an established U.S. operating business. The STO represents a landmark transaction for tokenizing equity in a real-world company using the Solana blockchain, aiming to modernize capital formation with faster settlement, lower costs, and international accessibility for qualified investors. The offering is structured under Regulation S for non-U.S. investors. Onpharma, a dental medical device company, is the underlying business. Its Onset EZ product buffers dental anesthetic to improve patient experience and has an established revenue model. The company is positioned for growth in a multi-billion dollar market. First Block provides the digital securities infrastructure on Solana, while Crito Capital acts as the structuring and advisory firm. The STO is accessible at sto.onpharma.com.
TheNewsCrypto06/17 08:35
