Table of Contents
Key Takeaways
- Galaxy Digital becomes the first Nasdaq-listed firm to tokenize SEC-registered shares directly on Solana.
- Tokenized GLXY shares will be available to KYC-approved investors via Superstate’s Opening Bell platform.
- This marks a major step toward bridging traditional equities with decentralized finance and blockchain infrastructure.
Galaxy Digital unveils a Solana-based tokenized equity
Galaxy Digital, a crypto investment firm traded on Nasdaq and led by Mike Novogratz, has merely made a revolutionary move to tokenize its SEC-registered equity shares on Solana. The idea, which has been implemented together with the Opening Bell platform of Superstate, enables investors to transform the shares (GLXY) of Galaxy into tokenized assets that are released directly on the blockchain.
The undertaking is the first example of a Nasdaq-listed company offering tokenized equity on a public blockchain without any restrictions, thus, a classic problem of capital markets that is solved through this kind of technology is discussed here. With the help of Solana’s high data throughput Galaxy intends to bring time-saving, real-time display, and user-friendly traditional equity markets to the trading floor.
What part does Superstate play in the matter of on-chain Equities?
Superstate, a blockchain company behind Opening Bell, has launched its public platform in May 2025. Their vision was to tokenize SEC-registered public companies starting with Solana. Their solution does not involve the creation of synthetic assets or wrapped tokens but the direct issue of real, regulated shares and the possibility of their trading in decentralized markets.
According to the CEO of Superstate, Robert Leshner, the transfer of tokenized shares of Galaxy between investors is updating the official shareholder registry in real-time. The innovation thus allows for the compliance regulations of Wall Street to be automated yet maintain the properties of DeFi at the same time.
“Before this advancement, financial markets could only observe traditional securities behavior on a blockchain with the strictest regulatory adherence,” Leshner proclaimed. “However, this is a significant transformation of the way financial systems function.”
Benefits of Tokenized Galaxy Shares
Galaxy Digital pointed out a few benefits of turning GLXY shares into tokens:
- Increased Liquidity: Shares in token form are available for trading on decentralized exchanges (DEXs) and can be accessed by any place in the world.
- Transparency: The use of blockchain technology allows the verification of shareholders in real-time and the tracking of transactions.
- Programmability: Tokenized shares can be compatible with DeFi protocols, Automated Market Makers (AMMs), and lending platforms.
- Accessibility: Investors who comply with KYC requirements can take ownership of shares in their digital wallets and carry out transfers in a secure manner.
Galaxy’s CEO Mike Novogratz stated, “Our goal is a tokenized equity that blends the best of crypto — transparency, programmability, and composability — with the reliability of traditional finance. This is about building a scalable model not just for Galaxy, but for the broader financial ecosystem.”
Industry Implications for RWA Tokenization
The tokenization of Galaxy’s Nasdaq-listed shares represents a broader shift toward Real-World Asset (RWA) tokenization — a trend rapidly gaining traction in financial markets. Analysts believe this could unlock trillions of dollars in traditional assets by enabling equities, bonds, and real estate to exist seamlessly on blockchain platforms.
In recent months, other firms such as Upexi have also announced plans to tokenize public shares via Opening Bell, signaling growing adoption of this model. The involvement of a major player like Galaxy Digital, however, gives the initiative significant credibility and momentum.
Industry experts suggest that Solana, known for its speed and low fees, could emerge as a leading blockchain for tokenized assets, rivaling Ethereum and other smart contract platforms. The success of Galaxy’s initiative may encourage more publicly traded companies to consider tokenization as a viable strategy for enhancing liquidity and global reach.
Summary
Galaxy Digital has officially launched tokenized shares of its Nasdaq-listed GLXY equity on Solana, becoming the first company to issue SEC-registered stock directly on a major blockchain. Through Superstate’s Opening Bell platform, KYC-approved investors can now tokenize, trade, and transfer Galaxy shares in real time.
This move marks a milestone for RWA tokenization, bridging Wall Street equities with decentralized finance infrastructure. By combining the compliance of traditional markets with the innovation of blockchain, Galaxy Digital is setting a precedent that could reshape global capital markets.
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