DeFi platform Step Finance acquires stock tokenization company Moose Capital

ChainCatcher news, DeFi platform Step Finance has acquired the early-stage startup Moose Capital, which specializes in the tokenization of traditional stocks, aiming to allow users to buy and sell shares of companies like Nvidia and Tesla directly on the Solana blockchain.

In addition to acquiring Moose Capital's products (which are planned to be renamed Remora Markets), Step Finance has also onboarded the team and regulatory licenses of this startup in preparation for a launch in the first quarter of 2025.

Step Finance aims to become the portfolio management tool and analytics hub for Solana users. It also owns the media company SolanaFloor, which focuses on the NFT market, and the global event project Solana Allstars, which is active in over 50 cities.