Galaxy Digital's GLXY Equity Now Available on Solana Blockchain

Galaxy Digital, led by Mike Novogratz, has tokenized its equity (GLXY) on the Solana blockchain, becoming the first Nasdaq-listed company to do so. The partnership with Superstate allows shareholders to hold and trade GLXY on-chain, offering 24/7 market potential and near-instant settlement. However, Galaxy Digital warns investors to be cautious of fraudulent GLXY smart contracts not listed on the 2HehXG149TXuVptQhbiWAWDjbbuCsXSAtLTB5wc2aajK address.

Galaxy Digital, led by Mike Novogratz, has made a significant move in the financial landscape by tokenizing its equity (GLXY) on the Solana blockchain. This marks the first time a Nasdaq-listed company has directly tokenized its shares on a major public blockchain [1].

Through a strategic partnership with Superstate, Galaxy Digital's Class A common stock, GLXY, is now tradable as digital tokens on the Solana blockchain via Superstate’s Opening Bell platform. This initiative aims to merge traditional equity compliance with blockchain benefits such as fast settlement and transparency [2].

The tokenization process preserves full shareholder rights, unlike previous tokenized stock offerings that used synthetic models or wrappers. Superstate acts as the SEC-registered transfer agent, ensuring legal ownership is recorded on-chain in real-time. This approach combines Automated Market Makers (AMMs) and decentralized finance (DeFi) platforms to boost liquidity and trade opportunities [1].

Galaxy Digital emphasizes that only verified investors who have completed KYC checks can store and transfer the shares in their crypto wallets. This ensures the integrity of the tokenized shares while providing investors with the ability to hold and trade GLXY on-chain, offering 24/7 market potential and near-instant settlement [1].

Mike Novogratz, Founder and CEO of Galaxy Digital, stated, "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" [1].

Robert Leshner, CEO of Superstate, added that this is the first time a Nasdaq-listed company’s shares have been tokenized on a major public blockchain. He noted, "When tokens change hands, the registered shareholder list of Galaxy updates in real-time. Financial markets are undergoing a massive upgrade with Superstate" [1].

While this innovation offers numerous benefits, Galaxy Digital warns investors to be cautious of fraudulent GLXY smart contracts not listed on the 2HehXG149TXuVptQhbiWAWDjbbuCsXSAtLTB5wc2aajK address. Investors are advised to verify the authenticity of any smart contracts they engage with [3].

Galaxy Digital's tokenization of its equity on Solana blockchain is a significant milestone in the convergence of traditional finance and blockchain technology. As tokenization continues to gain traction, it remains crucial for investors to stay vigilant and understand the regulatory landscape and potential risks associated with these innovative financial instruments [3].

References:
[1] https://www.cryptotimes.io/2025/09/03/galaxy-digital-launches-tokenized-stock-on-solana-with-superstate/
[2] https://www.coindesk.com/business/2025/09/03/galaxy-digital-tokenizes-its-shares-on-solana-with-superstate
[3] https://cointelegraph.com/news/galaxy-digital-stock-tokenized-solana