Solstice Finance Launches strcUSX, First STRC Preferred Stock Product on Solana

Solstice Labs USX$1.000+0.0% Solstice Finance launched strcUSX on August 10, giving Solana DeFi users the first STRC-linked instrument on the network, according to the Zug-based protocol. The product packages exposure to the dividend income and price risk of Strategy Inc.'s STRCx (STRC) perpetual preferred stock into two Solana tokens with distinct risk profiles, without giving holders direct ownership of the underlying equity.

How strcUSX Splits STRC Dividend Income into Two Tranches

Users deposit USX (USX), Solstice's dollar-linked settlement token, into the protocol's YieldVault and receive one of two tokens representing claims on a STRC-referenced portfolio.

The senior token, SR-strcUSX, targets a 7% annual yield and receives income first, with holders shielded from mark-to-market losses. The junior token, JR-strcUSX, targets 20%+ APY but absorbs any losses ahead of senior holders, according to Solstice. Neither tranche confers ownership of STRC shares. Solstice holds the preferred stock and passes the economic exposure through to depositors, making strcUSX a structured product rather than a direct equity instrument.

Both tokens accrue returns through changes in the token exchange rate rather than through periodic distributions. Standard redemption requires a seven-day unlock period; immediate exit is available for a fee, according to CoinDesk.

Strategy's STRC Preferred Stock: 12% Dividend and Board Discretion

STRC is Strategy Inc.'s variable-rate perpetual preferred stock, currently paying a 12% annual cash dividend distributed twice monthly, per CoinDesk. The board holds discretionary authority to adjust the rate or suspend payments, and preferred stockholders carry no voting rights and no claim on Strategy's Bitcoin holdings. STRCx, the xStocks tokenization of STRC already tradeable on Solana, was held by 2,372 wallets as of August 10, per Solana Compass data.

The effective yield to strcUSX holders shifts with STRC's secondary market price relative to its $100 par value. STRC was trading near $95 as of August 2026, according to CryptoBriefing, a discount that pushes the effective yield above the stated 12% rate, a factor that flows through to both tranches.

On the same day as the strcUSX launch, Strategy disclosed it sold 1,690 BTC for $108.6 million and applied the proceeds toward repurchasing 1,152,020 STRC shares, per CoinDesk. Strategy's corporate balance sheet is concentrated in Bitcoin, meaning its capacity to sustain the preferred dividend depends on treasury management and revenues rather than traditional operating cash flows.

Solstice's Growing Yield Infrastructure on Solana

Solstice Finance, operated by Solstice AG and headquartered in Zug, Switzerland, launched USX on Solana in September 2025 with $160 million in deposited TVL, according to CryptoBriefing. The protocol has since grown to over $400 million, with growth driven primarily by institutional investors, according to CryptoBriefing. Solana Compass data shows USX held across 15,781 wallets as of August 10. The SLX (SLX) governance token received a canonical Solana listing via Sunrise in July 2026, trading live on Jupiter JUP$0.310+3.9% Jupiter and Raydium RAY$1.86+3.4% Raydium.

strcUSX joins eUSX and oUSX as Solstice's third structured product on the platform. The launch arrives as Solana processed $10 billion in tokenized stock volume in June 2026, capturing 95% of global on-chain equity trading, and marks the protocol's extension into credit-structured exposure on top of its existing yield strategies.