Galaxy Digital Inc. (Nasdaq: GLXY) (TSX: GLXY), a leading global digital asset and blockchain infrastructure firm, has partnered with fintech innovator Superstate to launch tokenized GLXY Class A Common Stock on the Solana blockchain. This initiative marks the first time a public company has tokenized its SEC-registered equity directly on a major public blockchain, setting a new precedent for the integration of traditional finance and decentralized technology.
Effective immediately, Galaxy stockholders can tokenize their GLXY shares through Superstate’s Opening Bell platform, a regulated onchain tokenization platform launched in May 2025, unlike previous tokenized stock offerings that rely on synthetic or wrapper models, often created without issuer involvement. These tokens represent actual Galaxy Digital Class A Common Stock, preserving full shareholder rights. Superstate, acting as the SEC-registered transfer agent, ensures real-time recording of legal ownership on the Solana blockchain as tokens are transferred.
“This is a historic step for financial markets. For the first time, a Nasdaq-listed company’s equity has been tokenized on a major public blockchain, with shareholder records updating instantly as tokens change hands. This is a massive upgrade to public equity infrastructure.”
Robert Leshner, CEO of Superstate
The tokenized GLXY shares offer the same legal and economic rights as traditional shares while leveraging Solana’s high-speed, low-cost infrastructure for 24/7 market access and near-instant settlement. Only approved, KYC-verified investors can hold and transfer these tokens within their crypto wallets, ensuring compliance with U.S. securities regulations.
Galaxy has published the official Solana contract address for GLXY tokens
2Heh XG149TXuVptQhbiWAWDjbbuCsXSAtLTB5wc2aajK
and warned that tokens from other addresses claiming to represent GLXY stock are fraudulent.
Galaxy CEO Mike Novogratz emphasized the transformative potential of the initiative:
“We’re proud to work with Superstate to lay the groundwork for an onchain capital market that bridges traditional equities with next-generation infrastructure. tokenized equity brings transparency, programmability, and 24/7 liquidity to investors.”
The partnership aligns with Galaxy’s broader strategy of driving blockchain innovation, with Superstate being a portfolio company of Galaxy Ventures.
Looking ahead, Galaxy and Superstate are exploring regulatory-compliant trading of tokenized equities via Automated Market Makers (AMMs) as part of the SEC’s Project Crypto innovation agenda. This could unlock greater liquidity and enable integration with decentralized finance (DeFi) platforms, potentially reshaping how public equities are traded.
The move comes from growing momentum for asset tokenization, with the tokenized stock market valued at approximately $341 million in 2025, up 380% since 2022. Solana’s high-performance blockchain, often referred to as the “Nasdaq of blockchains,” is increasingly favoured for the tokenisation of real-world assets (RWAs) due to its scalability and efficiency.
Some see Galaxy’s initiative as a potential catalyst for other public companies to explore direct tokenization of SEC-registered equities.
“This could redefine how investors access and transact shares globally, blending the compliance of traditional markets with the speed and transparency of blockchain,”
said a crypto analyst.
Galaxy’s stock (GLXY) closed at $24.16 on September 2, 2025, up 2.85% following the announcement, with a year-to-date gain of nearly 5% and a five-year return of 544.27%. The tokenization is expected to further boost investor confidence in Galaxy’s leadership in digital finance.
For more details, investors can refer to Galaxy’s White Paper on the tokenization process and related FAQs, available at galaxy.com.
