Galaxy Digital Inc. announced on September 3, 2025, a partnership with Superstate to allow stockholders to tokenize and hold GLXY shares onchain on Solana. This initiative marks the first time a public company has tokenized its SEC-registered equity directly on a major blockchain. Stockholders can now tokenize their GLXY shares through Superstate's Opening Bell platform.
Unlike other tokenized stock offerings that use wrapper or synthetic models, Superstate works directly with companies to enable tokenization of their SEC-registered shares. These tokenized shares are legally equivalent to traditional equity, retaining all associated rights, but benefit from the speed, transparency, and efficiency of blockchains. Superstate, as the SEC-registered transfer agent, records legal ownership onchain in real time.
Mike Novogratz, Founder and CEO of Galaxy, stated that the goal is to build an onchain capital market that bridges traditional equities with next-generation infrastructure, bringing the benefits of crypto like transparency, programmability, and composability to the traditional world. Tokenizing on Solana provides 24/7 market potential and near-instant settlement. Superstate is a Galaxy Ventures portfolio company, reflecting Galaxy's strategy of investing in blockchain-based innovations.
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