We believe many investors want access to Solana without the technical complexity of managing a Solana wallet. The good news is there's a straightforward solution: purchasing shares of a Digital Asset Treasury Company (DATCO), a publicly traded stock that gives you direct exposure to Solana through stocks.
This approach can open the door for anyone with a standard brokerage account, IRA, or 401(k) to participate in Solana's growth.
Understanding how to buy Solana without a wallet gives you a clear path to Solana investment using accounts you already have, offering easy access to this new and fast growing Web3 platform.
A Solana treasury is a company that acquires and holds Solana (SOL) tokens as its primary business activity. Think of it as a bridge between traditional finance (TradFi) and the crypto ecosystem.
Instead of buying SOL directly and storing it yourself, you can purchase shares in a DATCO that does the heavy lifting for you. The treasury acquires SOL, secures it through institutional-grade custody, and often stakes those tokens to generate yield on their holdings.
When you own shares in a Solana treasury like HSDT, your investment rises and falls with the value of the underlying SOL holdings, giving you market exposure without the technical overhead of managing crypto assets directly.
Purchasing Solana exposure via HSDT is similar to buying any other stock. If you've ever invested in Apple, Tesla, or an index fund, you already more or less know what to do.
HSDT trades on the NASDAQ exchange under the ticker symbol HSDT. This means you can purchase shares through brokerage platforms that offer access to U.S. equities. Whether you prefer a full-service broker, a discount trading platform, or a mobile investing app, you'll likely find HSDT available for trading. Most major platforms allow you to search for the ticker directly and place orders within minutes.
One of the biggest advantages of this approach is that you don't need to open any new specialized accounts; your standard brokerage account works perfectly. But you can also purchase HSDT through tax-advantaged retirement accounts.
That means your existing 401(k), traditional IRA, or Roth IRA can be used to provide you with exposure to SOL. This opens up opportunities for long-term investors who want crypto allocation within their retirement strategy—something that's been historically difficult to achieve without jumping through regulatory hoops or using self-directed custodians.
Once you've logged into your preferred platform and located HSDT, placing an order works exactly like any other stock purchase. You can use market orders for immediate execution at current prices, or limit orders if you want to specify a particular price point. The shares settle through standard clearing processes, and your position appears in your portfolio alongside your other holdings; we believe it’s much easier than buying SOL on chain.
When you buy HSDT shares, you're investing in a company that holds substantial SOL reserves. Solana Company currently holds over 2.3 million SOL tokens, which are primarily staked through institutional validators. Staking generates yield—the company has reported gross staking returns exceeding 7% per year, rewards that are automatically compounded to grow the treasury's holdings over time. This is still an investment company, so your returns will depend on the value of HSDT, but because HSDT is designed specifically to invest in Solana, buying HSDT shares gives you indirect exposure to Solana while avoiding the technical complexity of buying Solana directly.
You can learn more about any public DATCO you invest in using platforms like Fiscal.ai or via public filings, often found in the Investor Relations section of their site.
When buying SOL directly, you need to set up a Solana wallet, secure your private keys, fund the wallet through a crypto exchange, and manage your own staking if you want to earn yield. Each step introduces potential friction and security considerations.
With HSDT, we believe all of the complexity is on the company’s shoulders. They work with institutional-grade custody providers and validators to secure and stake the assets. Your task is simply to decide how many shares you want to own.
Solana’s use cases are vast and HSDT exists to make it accessible to everyone, including those who have no interest in managing crypto wallets or navigating decentralized exchanges.
They've created a pathway for traditional investors to participate in a growing cryptocurrency.
Whether you're looking at Solana compared to Ethereum or Solana vs Bitcoin, its speed, low transaction costs, and institutional adoption make what we feel is a compelling case for exposure. HSDT offers that exposure in the simplest possible package—a stock ticker you can buy in seconds using a standard brokerage account.
No. While owning crypto directly requires a wallet, you can gain exposure to cryptocurrencies like Solana through publicly traded securities. HSDT allows investors to participate in SOL's price movements without ever touching a Solana wallet, exchange, or private key.
HSDT is a digital asset treasury that holds millions of SOL tokens on behalf of its shareholders. When you purchase HSDT stock, you're buying equity in a company whose value is directly tied to its Solana holdings. As SOL appreciates or depreciates, your shares reflect that movement but there’s no personal wallet needed.
Yes. Because HSDT is a NASDAQ-listed security, it can be purchased through virtually any account that allows U.S. stock trading. This includes standard brokerage accounts, traditional IRAs, Roth IRAs, and many employer-sponsored 401(k) plans.
Crypto wallets themselves are typically free, but buying and transferring SOL involves exchange fees, network gas fees, and potential staking service costs. With HSDT, you pay standard stock trading commissions (often zero on major platforms) and avoid paying crypto-specific fees.
Yes. HSDT is a publicly traded company listed on the NASDAQ, which means it's subject to SEC reporting requirements. HSDT is not an investment company. Your broker will report your HSDT holdings and any gains or losses just like they would for any other stock.
Sources:
DATCO Definition - https://www.helius.dev/blog/solana-digital-asset-treasury-companies
NASDAQ digital asset treasury - https://www.nasdaq.com/market-activity/stocks/hsdt
This blog post is for informational and educational purposes only and does not contain all information pertinent to an investment decision. Solana Company is not an investment company and an investment in it does not provide the protections of the Investment Company Act of 1940. Nothing in this blog post constitutes an investment recommendation or an offer of investment advisory services. This blog post cannot be relied upon in making an investment decision. Nothing contained herein constitutes an offer to sell, or a solicitation to buy, any securities. None of the Solana Company or any of its affiliates or advisors accepts any liability for losses in connection with the acquisition, holding, or disposition of any asset, including Solana or the securities of any company. There is no assurance that following steps or other information referenced here will be effective in transacting any financial instrument. This blog post contains information believed to be reliable, and has been obtained from sources believed to be reliable, but Solana Company makes no representation or warranty (express or implied) of any nature, nor accepts any responsibility or liability of any kind, with respect to the fairness, accuracy, completeness, or reasonableness of the information or opinions contained herein. There is no guarantee that investments in any company, instrument, or type of instrument described herein will be profitable – all investments carry the inherent risk of total loss. Analyses and opinions contained herein (including market commentary, statements or forecasts) reflect the judgment of Solana Company as of the date this blog post was published, and may contain elements of subjectivity (including certain assumptions) or be based on incomplete information.There is no duty or obligation to update the contents of this blog post. This blog post is not intended to provide, and should not be relied on for accounting, legal, or tax advice, or investment recommendations. There is no guarantee that investments in any instrument or type of instrument described herein will be profitable – all investments carry the inherent risk of total loss.
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