Key Notes
- Galaxy Digital has develop into the primary Nasdaq-listed firm to tokenize SEC-registered inventory immediately on Solana.
- The tokenization is managed by Superstate, a registered switch agent, guaranteeing real-time authorized possession updates.
- 21 traders 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 immediately on a serious blockchain.
By a partnership with fintech agency Superstate, Galaxy’s Class A standard shares can now be tokenized and held on Solana. Notably, the transfer may sign the beginning of a brand new pattern for crypto-focused entities.
A First in Tokenized Public Equities
In contrast to earlier tokenized inventory merchandise, which regularly use artificial fashions with out issuer involvement, Galaxy’s shares are immediately 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 traders, the advantages embody 24/7 buying and selling potential, sooner settlement, and blockchain transparency.
Early Adoption and Regulation
Galaxy mentioned 21 traders 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 conversant in KYC necessities.
Whereas the Trump administration has proven a extra supportive stance on digital property, challenges stay, significantly round the usage of Automated Market Makers (AMMs). Nonetheless, Galaxy and Superstate are working with regulators to construct compliant frameworks.
“We need to do what we are able to below the prevailing 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 Greater 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
$210.7
24h volatility:
5.6%
Market cap:
$114.00 B
Vol. 24h:
$9.03 B
holders worldwide, about thrice greater than the present chief, Upexi.
The technique may make Galaxy inventory a proxy for Solana’s efficiency, providing traders 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 knowledgeable earlier than making any choices primarily based on this content material.
A crypto journalist with over 5 years of expertise within the trade, Parth has labored with main media shops within the crypto and finance world, gathering expertise and experience within the area after surviving bear and bull markets over time. Parth can also be an creator of 4 self-published books.
