MSTRr, issued by Step Labs LLC, is a tokenized U.S. equity providing onchain economic exposure to the common stock of Strategy Inc. (MSTR), explicitly disclaimed as not being the underlying security and conveying no ownership rights.

Each token tracks the live market price of Strategy Inc. common stock (MSTR), marketed as backed 1:1 by the underlying share held through a regulated custodian [S1][S2]. Holders interact with real-world stock performance onchain, and the issuer notes the onchain price may diverge from the exchange price, with arbitrage helping realign the two [S1]. Tokens are disclaimed as not themselves stocks and as granting no rights to underlying assets [S3]. The issuer markets no commissions on trades [S4].

Step Labs LLC, trading as Remora Markets, is registered in the Cook Islands (Company Number LLC15405/2024), with its Terms of Use governed by the laws of the Cook Islands [S5][S2]. The issuer states it is in the process of seeking regulatory authorization and licensing [S3]. The underlying shares are held by Alpaca Securities LLC, a broker-dealer regulated by the Financial Industry Regulatory Authority (FINRA), CRD# 288202 [S2]. Offerings are not directed at U.S. persons or sanctioned or prohibited jurisdictions [S3][S4]. Identity verification is conducted via iDenfy UAB [S2]. Alpaca Securities LLC acts as paying agent upon a Realization Event [S2].

Tokens are issued as SPL tokens on Solana, marketed as composable across Solana decentralized finance [S4]. Step Labs LLC acts as tokenizer, minting on deposit and burning on redemption, with the platform operating similarly to a stablecoin gateway [S4][S2]. Alpaca Crypto LLC, a FinCEN-registered money services business, handles USD Coin (USDC) to U.S. dollar conversion [S2].

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    { id: "S1", url: "https://remoramarkets.xyz/legal-documentation/privacy-policy" },
    { id: "S2", url: "https://remoramarkets.xyz/legal-documentation/service-providers" },
    { id: "S3", url: "https://remoramarkets.xyz/legal-documentation/disclaimer" },
    { id: "S4", url: "https://remoramarkets.xyz/" },
    { id: "S5", url: "https://remoramarkets.xyz/legal-documentation/terms-of-use" },
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Tokenized stocks

Remora Markets operates by tokenizing traditional stocks into blockchain-based assets that can be traded on Solana, providing continuous market access beyond traditional trading hours. The platform leverages smart contracts for instant settlement and integrates with existing DeFi protocols to enable seamless portfolio diversification and global accessibility without geographic restrictions.

The platform enables global investors to trade tokenized versions of major public companies like Tesla, Nvidia, and SPY through blockchain technology. It offers 24/7 trading capabilities, fractional ownership, instant settlement, and commission-free transactions for traditional equities in a decentralized environment integrated with Solana's DeFi ecosystem.

Remora Markets is a decentralized financial platform that provides tokenized stock trading infrastructure on the Solana blockchain.

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Real-world asset (RWA) issuers

Remora Markets

Strategy rStock (MSTRr) is a tokenized exposure to MSTR and distributed through Alpaca Securities LLC with Alpaca Securities LLC as broker.

The underlying security is listed in the financials sector in North America.

MSTRr has been issued on Solana as a SPL Token-2022 token since August 2025.

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