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NEW YORK - Galaxy Digital Inc. (NASDAQ:GLXY) (TSX:GLXY), a digital asset firm with an $8.9 billion market capitalization, announced Wednesday it has partnered with Superstate to enable stockholders to tokenize and hold GLXY shares on a blockchain, marking the first time a public company has tokenized its SEC-registered equity directly on a major blockchain. The company’s stock has delivered an impressive 136% return over the past year, and according to InvestingPro analysis, the stock currently appears undervalued based on its Fair Value assessment.
Stockholders can now tokenize their GLXY shares through Superstate’s Opening Bell platform. Unlike other tokenized stock offerings that use wrapper or synthetic models, Superstate works directly with companies to enable tokenization of their SEC-registered shares.
"We’re proud to be working with Superstate to help lay the groundwork for an onchain capital market that bridges traditional equities with next-generation infrastructure," said Mike Novogratz, Founder and CEO of Galaxy Digital.
By tokenizing on Solana, Galaxy’s equity gains potential for 24/7 market access and near-instant settlement while remaining fully compliant and legally equivalent to traditional equity.
Robert Leshner, CEO of Superstate, noted, "This is the first instance of a Nasdaq-listed company being tokenized on a major public blockchain. When tokens change hands, the registered shareholder list of Galaxy updates in real-time."
Galaxy and Superstate are exploring how tokenized public equities could trade via Automated Market Makers in a regulatory-compliant manner as part of the SEC’s Project Crypto innovation agenda.
The tokenized shares are available to approved KYC’d investors who can hold and transfer them within their own crypto wallets. Superstate, a Galaxy Ventures portfolio company, acts as the official transfer agent, updating ownership records when onchain transfers occur between verified participants. With analyst targets ranging from $23.91 to $36.28 and a strong buy consensus recommendation, investors seeking deeper insights can access comprehensive analysis through InvestingPro, which offers 14 additional exclusive ProTips and detailed financial metrics for Galaxy Digital.
The information in this article is based on a company press release statement.
In other recent news, Galaxy Digital Inc. has secured a $1.4 billion project financing facility to expand its Helios datacenter campus in West Texas. This development aims to support the retrofit and expansion for AI and high-performance computing operations in partnership with CoreWeave Inc. Additionally, Galaxy Digital has expanded its partnership with Soluna Holdings, Inc. for a 48 MW bitcoin mining deployment at Soluna’s Project Kati 1 in Texas, which will reach full capacity at 83 MW by Q1 2026. In strategic corporate moves, Galaxy Digital has appointed Matt Friedrich as Chief Legal Officer, effective September 8, 2025, to manage global legal and compliance matters.
Furthermore, Galaxy Digital has entered a strategic partnership with Mill City Ventures III, Ltd. to manage a $450 million SUI treasury, marking a significant step in its asset management endeavors. Despite these developments, Rosenblatt has lowered its price target for Galaxy Digital to $35 from $36, citing weaker-than-expected second-quarter results. However, Rosenblatt maintains a Buy rating, expressing optimism about the company’s future due to clear progress and encouraging trends.
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