Key Notes
- Galaxy Digital has develop into the primary Nasdaq-listed firm to tokenize SEC-registered inventory instantly on Solana.
- The tokenization is managed by Superstate, a registered switch agent, making certain real-time authorized possession updates.
- 21 buyers have already tokenized a complete of 32,374 shares on Solana via Superstate’s Opening Bell platform.
Galaxy Digital, the crypto funding agency led by Mike Novogratz, has develop into the primary publicly traded firm to tokenize its SEC-registered fairness instantly on a serious blockchain.
By a partnership with fintech agency Superstate, Galaxy’s Class A typical shares can now be tokenized and held on Solana. Notably, the transfer might sign the beginning of a brand new development for crypto-focused entities.
A First in Tokenized Public Equities
Not like earlier tokenized inventory merchandise, which frequently use artificial fashions with out issuer involvement, Galaxy’s shares are instantly tokenized.
BREAKING: Galaxy and Superstate tokenized GLXY on Solana, the primary time a public firm has natively issued SEC-registered fairness on the community 🔥🪙 pic.twitter.com/G0is2gqSPz
— Solana (@solana) September 3, 2025
Superstate, a Galaxy Ventures portfolio firm and SEC-registered switch agent, will handle the method.
Every switch on-chain will replace the official shareholder registry in actual time, making the tokens legally acknowledged Galaxy shares.
“That is the primary occasion of a Nasdaq-listed firm being tokenized on a serious public blockchain,” mentioned Robert Leshner, CEO of Superstate. “Monetary markets are present process an enormous improve with Superstate.”
For buyers, the advantages embrace 24/7 buying and selling potential, quicker settlement, and blockchain transparency.
Early Adoption and Regulation
Galaxy mentioned 21 buyers have already tokenized a complete of 32,374 shares on Solana via Superstate’s Opening Bell platform.
Adoption to date is small, however this system is geared toward establishments {and professional} merchants accustomed to KYC necessities.
Whereas the Trump administration has proven a extra supportive stance on digital property, challenges stay, notably round the usage of Automated Market Makers (AMMs). Nevertheless, Galaxy and Superstate are working with regulators to construct compliant frameworks.
“We need to do what we are able to beneath the present guidelines with out skirting them,” said Alex Thorn, Galaxy’s Head of Analysis, including that the agency will work with the SEC to jot down new guidelines and adapt to this new actuality.
A Larger Wager on Solana
Galaxy revealed final month that it’s reportedly constructing a $1 billion Solana treasury, which might make it one of many largest SOL
SOL
$185.2
24h volatility:
1.0%
Market cap:
$102.28 B
Vol. 24h:
$2.65 B
holders worldwide, about 3 times greater than the present chief, Upexi.
The technique might make Galaxy inventory a proxy for Solana’s efficiency, providing buyers oblique publicity to SOL via regulated markets, making SOL one of many best crypto to buy in 2025.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm info by yourself and seek the advice of with an expert earlier than making any selections based mostly on this content material.
A crypto journalist with over 5 years of expertise within the business, Parth has labored with main media retailers within the crypto and finance world, gathering expertise and experience within the house after surviving bear and bull markets through the years. Parth can be an creator of 4 self-published books.
