First Ever Tokenization of SEC-Registered Public Equity on a Major Blockchain
Galaxy Digital ,a global leader in digital assets and data center infrastructure, announced it has partnered with Superstate 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, stockholders can now tokenize their GLXY shares through Superstate’s Opening Bell platform.
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While other tokenized stock offerings rely on wrapper or synthetic models often done without issuer involvement Superstate works directly with companies to enable tokenization of their SEC-registered shares. These are not derivatives or representations; they are Galaxy Digital Class A Common Stock, with all the rights that confers. As the SEC-registered transfer agent, Superstate records legal ownership onchain in real time as tokens are transferred.
“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. “Our goal is a tokenized equity that brings the best of crypto – transparency, programmability, and composability – into the traditional world. And we’re taking part in building a model that can scale, not just for Galaxy, but for the market more broadly.”
Galaxy’s launch on Opening Bell represents a step-change in public equity infrastructure. The shares remain fully compliant and legally equivalent to traditional equity, but now benefit from the speed, transparency, and efficiency of blockchains. By tokenizing on Solana, Galaxy’s equity gains 24/7 market potential and near-instant settlement.
“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. Financial markets are undergoing a massive upgrade with Superstate,” said Robert Leshner, CEO of Superstate.
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Galaxy and Superstate are continuing to explore how tokenized public equities could trade via Automated Market Makers (AMM) in a regulatory-compliant manner -as part of the SEC’s broader Project Crypto innovation agenda. Subject to these regulatory considerations, Galaxy’s tokenized shares and future listings on Opening Bell—could be made available on AMMs and other DeFi platforms, unlocking broader liquidity and utility for investors and issuers alike.
Galaxy’s tokenized shares will be available to approved KYC’d investors who can hold and transfer them within their own crypto wallets. When onchain transfers occur between verified participants the ownership records are updated by Superstate, acting as the official transfer agent. Superstate is a Galaxy Ventures portfolio company, reflecting Galaxy’s broader strategy of investing in and partnering with companies driving blockchain-based innovations.
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Galaxy shares’ Contract Address on Solana is 2HehXG149TXuVptQhbiWAWDjbbuCsXSAtLTB5wc2aajK. Any tokens from other smart contract addresses that claim to be onchain shares of GLXY stock, or true issuances from Galaxy Digital, are fraudulent.
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Source : prnewswire