Key Notes
- Galaxy Digital has turn out to be the primary Nasdaq-listed firm to tokenize SEC-registered inventory immediately on Solana.
- The tokenization is managed by Superstate, a registered switch agent, making certain real-time authorized possession updates.
- 21 traders have already tokenized a complete of 32,374 shares on Solana by way of Superstate’s Opening Bell platform.
Galaxy Digital, the crypto funding agency led by Mike Novogratz, has turn out to be the primary publicly traded firm to tokenize its SEC-registered fairness immediately on a significant blockchain.
By means of 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 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 significant public blockchain,” stated 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, quicker settlement, and blockchain transparency.
Early Adoption and Regulation
Galaxy stated 21 traders have already tokenized a complete of 32,374 shares on Solana by way of Superstate’s Opening Bell platform.
Adoption to date is small, however this system is geared toward establishments {and professional} merchants acquainted with KYC necessities.
Whereas the Trump administration has proven a extra supportive stance on digital belongings, challenges stay, notably 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 will 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 put in writing new guidelines and adapt to this new actuality.
A Larger Guess 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 traders oblique publicity to SOL by way of 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 circumstances 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 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 over time. Parth can also be an writer of 4 self-published books.
