SOL Global has entered a binding agreement to invest in McQueen Labs, acquiring 2,155,556 shares for a total cost of approximately 1,164,000 USD, through both cash and company shares.

McQ Markets focuses on tokenizing luxury vehicle ownership, using NFTs to provide fractional ownership opportunities for collector cars, ensuring authenticity and security through the Solana blockchain.

Paul Kania, Interim CEO of SOL Global, highlighted the potential of Solana’s technology. Curt Hopkins, CEO of MCQ Markets, emphasized the benefits of their partnership for transforming ownership in the automotive sector.