Solana News Today: Blockchain Meets Wall Street as Galaxy Launches Live Tokenized Stock

Galaxy Digital, a global leader in digital assets and data center infrastructure, has made a significant advancement in the tokenization of public equity by becoming the first Nasdaq-listed company to tokenize its shares directly on a major blockchain, Solana, through a partnership with fintech firm Superstate. This move enables Galaxy’s stockholders to tokenize and hold GLXY shares onchain via Superstate’s Opening Bell platform, marking the first time an SEC-registered public equity has been tokenized on a major blockchain. The tokenized shares are not derivatives or synthetic representations but actual Galaxy Digital Class A Common Stock, with all associated legal rights and ownership transferred in real time through the blockchain [1].

This initiative represents a step forward in public equity infrastructure by leveraging the speed, transparency, and efficiency of blockchain technology. Galaxy’s tokenized shares on Solana benefit from 24/7 market potential and near-instant settlement. The tokenization effort aligns with the broader trend of real-world asset (RWA) tokenization, which has grown significantly in 2025, expanding by 380% since 2022. While much of the early tokenization momentum has focused on private credit and U.S. Treasury bonds, public equities are now entering the space. The total value of tokenized stocks currently stands at approximately $341 million [2].

Superstate functions as the SEC-registered transfer agent for Galaxy’s tokenized shares, ensuring legal compliance and accurate recordkeeping of ownership as tokens are transferred. This contrasts with many tokenized equity offerings that rely on synthetic or wrapper models, often without direct involvement from the issuing company. Galaxy’s approach emphasizes regulatory alignment and investor protection by ensuring tokenized shares remain legally equivalent to traditional equity. The company’s tokenized shares will be available to approved investors who can hold and transfer them using crypto wallets [1].

The tokenization of public equity has broader implications for the capital markets. Galaxy and Superstate are exploring how tokenized public equities could trade via Automated Market Makers (AMMs) in a regulatory-compliant manner, aligning with the SEC’s Project Crypto innovation agenda. If successful, Galaxy’s tokenized shares and future listings on Opening Bell could be made available on AMMs and other decentralized finance (DeFi) platforms, potentially increasing liquidity and utility for both investors and issuers [1].

The move also reflects a growing institutional interest in tokenization and blockchain-based financial instruments. Companies like Kraken and Backed have also launched tokenized equity offerings, with xStocks available on multiple blockchains, including Ethereum. These developments suggest a broader industry effort to bridge traditional financial markets with decentralized infrastructure. However, some industry observers have raised concerns about the legal gray area in which tokenized stocks operate, noting that investors may not receive the same protections as traditional shareholders and may lack direct claims on company assets or voting rights [2].

Galaxy’s tokenized shares are now listed on Solana with a contract address of 2HehXG149TXuVptQhbiWAWDjbbuCsXSAtLTB5wc2aajK. Investors are advised to exercise caution and only use tokens issued from the official Galaxy Digital contract to avoid fraud. The company has published a white paper detailing the tokenization process and related frequently asked questions to ensure transparency and informed participation [1].

Source: [1] Galaxy and Superstate Launch GLXY Tokenized Public Shares on Solana (https://www.prnewswire.com/news-releases/galaxy-and-superstate-launch-glxy-tokenized-public-shares-on-solana-302544834.html) [2] Galaxy Digital stock goes onchain with Solana tokenization (https://cointelegraph.com/news/galaxy-digital-stock-tokenized-solana)