TL;DR
- Historic milestone: Galaxy becomes first Nasdaq-listed firm to tokenize SEC-registered equity on Solana, setting a precedent for compliant blockchain-based public markets.
- Direct issuance: Shares are genuine GLXY stock, recorded on-chain in real time by Superstate as transfer agent, ensuring legal rights remain intact.
- Future potential: Planned DeFi integration could expand liquidity, enable programmable corporate actions, and attract broader investor participation.
Galaxy Digital Inc. has teamed up with the financial tech company Superstate to tokenize its SEC-registered Class A Common Stock on the Solana blockchain. The initiative, launched through Superstate’s Opening Bell platform, marks the first time a Nasdaq-listed company has directly issued tokenized public equity on a major blockchain, offering investors new ways to hold and transfer shares while maintaining full regulatory compliance.
A historic first: We’ve partnered with @superstatefunds to allow stockholders to tokenize and hold $GLXY shares onchain. This milestone marks the first time a public company has tokenized its SEC-registered equity directly on a major blockchain. Effective immediately,… pic.twitter.com/pYHrwzGfuh
— Galaxy (@galaxyhq) September 3, 2025
First Nasdaq-Listed Company to Tokenize Equity on-chain
The collaboration enables Galaxy stockholders to convert their GLXY shares into on-chain tokens that represent the same legal rights as traditional equity. In contrast to synthetic or wrapped models, these tokens represent real SEC-registered shares, with ownership tracked in real time by Superstate, the official transfer agent. This direct issuance approach sets a precedent for compliant on-chain equity markets and could inspire similar moves from other publicly traded companies.
Benefits of Solana Integration
By choosing Solana as the blockchain infrastructure, Galaxy gains access to high-speed, low-cost transactions and 24/7 market potential. Tokenized shares can settle nearly instantly, enhancing liquidity and transparency. Approved KYC-verified investors can hold and transfer their shares within personal crypto wallets, with each transaction updating the shareholder registry immediately. This integration also opens the door for programmable corporate actions, such as automated dividend distribution or voting.
Expanding Access Through DeFi
Galaxy and Superstate are looking into how to incorporate tokenized shares into Automated Market Makers and other DeFi platforms, pending regulatory approval. This could unlock broader liquidity and utility for both investors and issuers, bridging traditional capital markets with programmable, composable blockchain infrastructure. This action is in line with the SEC’s Project Crypto innovation plan and shows increasing interest from institutions in blockchain-based securities.
Industry Significance and Security Measures
The launch represents a milestone in the evolution of public equity infrastructure, combining the compliance of traditional markets with the efficiency of blockchain technology. Galaxy has released the official Solana contract address for its tokenized shares to avoid fraud.
It warns that any tokens from different addresses that claim to represent GLXY equity are not legitimate. This initiative could serve as a scalable model for other public companies seeking to modernize equity issuance and investor engagement.
