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Galaxy Digital tokenizes public shares on Solana blockchain

AuthorVlad Schepkov
Published 03/09/2025, 12:06
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Galaxy Digital Inc. (GLXY) announced it has partnered with Superstate to enable stockholders to tokenize and hold GLXY shares on the Solana blockchain. The company states this represents the first tokenization of SEC-registered public equity directly on a major blockchain.

Effective immediately, stockholders can 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 tokenize their SEC-registered shares. The tokenized shares are Galaxy Digital Class A Common Stock with full shareholder rights, according to the company.

As the SEC-registered transfer agent, Superstate records legal ownership on the blockchain in real time as tokens are transferred. The shares remain fully compliant and legally equivalent to traditional equity while operating on blockchain infrastructure.

"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.

Robert Leshner, CEO of Superstate, stated: "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."

The tokenized shares are available to approved KYC’d investors who can hold and transfer them within crypto wallets. 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.

Galaxy’s tokenized shares contract address on Solana is 2HehXG149TXuVptQhbiWAWDjbbuCsXSAtLTB5wc2aajK. The company warned that tokens from other smart contract addresses claiming to be GLXY stock are fraudulent.

Superstate is a Galaxy Ventures portfolio company. The information is based on a company press release.

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