Solana-Based STO Launched for U.S. Operating Business

First Block Inc., Onpharma Company, and Crito Capital LLP have announced what is believed to be the first Solana-based Security Token Offering (STO) for a U.S. operating business.

The STO allows qualified investors to purchase tokens representing ownership rights in Onpharma's common stock via blockchain-based digital tokens rather than traditional share registers.

Onpharma occupies a distinctive position in global dental technology, with its Onset EZ local anaesthetic buffering product used for millions of dental injections annually. The company has completed infrastructure, supply chain, and regulatory compliance, and is now entering the growth phase.

The STO will enable Onpharma to raise capital for field sales expansion and direct selling via AI marketing tools.