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Galaxy Digital Tokenizes SEC-Registered Equity on Blockchain in Industry First
Galaxy Digital Tokenizes SEC-Registered Equity on Blockchain in Industry First
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BTCCSquare news:
Galaxy Digital Inc. has made history by becoming the first public company to tokenize its SEC-registered shares directly on a major blockchain. The firm partnered with Superstate to enable stockholders to convert GLXY shares into onchain assets through the Opening Bell platform, bypassing synthetic models commonly used in tokenized equity offerings.
Unlike wrapper-based approaches, Superstate's solution records legal ownership onchain in real time as the native transfer agent. "We're building an onchain capital market that merges traditional equities with crypto's transparency and programmability," said Galaxy CEO Mike Novogratz. The MOVE establishes a scalable model for bringing regulated securities onto blockchain infrastructure.
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