TLDR
- Galaxy Digital has launched an initiative to tokenize its SEC-registered shares on the Solana blockchain.
- Stockholders of Galaxy Digital can now tokenize their GLXY shares through Superstate’s Opening Bell platform.
- The tokenized shares will be available to KYC-approved investors who can transfer them within their crypto wallets.
- Galaxy Digital aims to bring transparency, programmability, and composability to traditional equities through blockchain.
- This move marks the first instance of a Nasdaq-listed company tokenizing its shares on a major public blockchain.
Galaxy Digital has launched a significant initiative to tokenize its SEC-registered equity. The firm will use Superstate’s Opening Bell platform to bring its GLXY shares to blockchain. This move marks a key step in bridging traditional financial markets with blockchain technology.
Superstate to Enable Tokenization of Galaxy’s Equity
Starting today, stockholders of Galaxy Digital can tokenize their GLXY shares on the Solana blockchain. These tokenized shares will be available through Superstate’s Opening Bell platform. Superstate’s platform offers a direct and compliant method for tokenizing SEC-registered equity, ensuring regulatory alignment.
The initiative allows Galaxy’s shareholders to hold and transfer tokenized shares in their crypto wallets. Only approved KYC-verified investors will be able to access these shares. This step could unlock broader liquidity for Galaxy’s stock, especially on decentralized finance (DeFi) platforms in the future.
Galaxy Digital Vision for Tokenized Equities
Galaxy Digital aims to bring the best of crypto to traditional equities by making them transparent, programmable, and composable. Mike Novogratz, Galaxy’s founder and CEO, highlighted that this is just the beginning. He stated, “Our goal is a tokenized equity that brings the best of crypto into the traditional world.”
This collaboration with Superstate reflects Galaxy’s broader vision to pioneer tokenized securities. Galaxy is taking part in building a scalable model that can apply to more companies in the future. Through this initiative, Galaxy Digital will help create an on-chain capital market that bridges traditional and blockchain-based finance.
A Milestone for SEC-Registered Public Equities
Galaxy Digital’s move to tokenize SEC-registered shares on Solana is a historic moment. It marks the first time a Nasdaq-listed company has tokenized its shares directly on a public blockchain. Robert Leshner, CEO of Superstate, described the project as a breakthrough for financial markets.
Superstate’s Opening Bell platform allows tokens to update the shareholder register in real time. As a result, Galaxy’s stockholders can see their changes reflected immediately when tokens change hands. This feature could help streamline stock trading in the blockchain ecosystem.
