Galaxy Digital Unleashes GLXY Tokenization on Solana - Equity Holders Get Digital Upgrade
Wall Street meets blockchain as Galaxy Digital shatters traditional equity barriers.
Solana's high-speed network becomes the launchpad for institutional-grade tokenization—GLXY shares transform into digital assets overnight.
Shareholders gain instant liquidity while traditional settlement systems watch from the sidelines. The move signals that even legacy finance giants can't ignore blockchain's efficiency advantages.
Another baby step for traditional finance—finally catching up to what crypto natives perfected years ago.
Galaxy Digital rolls out tokenized GLXY on Solana
Crypto investment firm Galaxy Digital has tokenized portions of its stock on the Solana blockchain, according to a statement on Wednesday.
Stockholders can now tokenize their GLXY shares through Superstate's Opening Bell platform. These tokenized shares, along with future listings on Opening Bell, may also be integrated with Automated Market Makers and other DeFi platforms to expand liquidity and utility.
"We're proud to be working with Superstate to help lay the groundwork for an on-chain capital market that bridges traditional equities with next-generation infrastructure," said Mike Novogratz, founder and CEO of Galaxy.
Superstate CEO Robert Leshner claims the MOVE is the first instance of a public company tokenizing its Securities & Exchange Commission (SEC)-registered equity directly on a blockchain.
Galaxy Digital stated that Superstate, acting as the official transfer agent, updates ownership records whenever on-chain transfers occur between verified participants.
The firm added that the move aligns with the SEC's Project crypto initiative, announced by Chair Paul Atkins in July. The initiative is aimed at modernizing securities regulation to "enable America's financial markets to move on-chain."
The announcement comes one month after Galaxy Digital disclosed plans to tokenize its stock, which was recently listed on the Nasdaq. The company joins a growing number of crypto-focused firms that have recently adopted real-world asset (RWA) tokenization.
Tokenized RWA issuer Ondo Finance has also launched Ondo Global Markets, a platform built on the ethereum blockchain that offers tokenized US stocks, ETFs, and traditional securities.
The platform debuted on Wednesday with over 100 equities and funds for qualified investors outside the US, with plans to expand to more than 1,000 by year-end.
It provides access to major companies like Apple and Tesla, as well as ETFs from Fidelity and BlackRock, targeting investors across Asia-Pacific, Europe, Africa, and Latin America.
