Galaxy Digital Announces Tokenized Shares on Solana, Shares Surge 3.77%

Galaxy Digital's stock is trending after the company announced a partnership with Superstate to allow shareholders to tokenize and hold Galaxy shares on the Solana blockchain. This marks the first time a public company has tokenized equity directly on a major blockchain. Galaxy Digital's goal is to bring the benefits of crypto into the traditional world, including transparency, programmability, and composability. The company's shares are up 3.77% at $25.07.

Galaxy Digital Inc. (GLXY) has made a significant stride in the realm of financial technology by partnering with Superstate to tokenize and hold its shares on the Solana blockchain. This initiative marks the first instance of a public company tokenizing its equity directly on a major blockchain. The move aims to integrate the benefits of cryptocurrencies, such as transparency and programmability, into traditional equity markets.

Effective immediately, Galaxy Digital's Class A common stock can be tokenized through Superstate’s Opening Bell platform. Unlike synthetic or wrapped tokenized stocks, Superstate works directly with companies to tokenize their SEC-registered shares. The tokenized shares retain full shareholder rights and are legally equivalent to traditional equity while operating on blockchain infrastructure [1].

Superstate, as the SEC-registered transfer agent, records legal ownership in real-time as tokens are transferred. This ensures that the shares remain compliant and legally equivalent to traditional equity. The tokenized shares are available to approved KYC’d investors who can hold and transfer them within crypto wallets.

Galaxy Digital's CEO, Mike Novogratz, expressed pride in the partnership, stating, "We’re proud to be working with Superstate to help lay the groundwork for an on-chain capital market that bridges traditional equities with next-generation infrastructure." Robert Leshner, CEO of Superstate, added, "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" [1].

This development comes as tokenization of traditional assets gains traction across the financial sector. The initiative seeks to combine compliance with blockchain features such as fast settlement, transparency, and around-the-clock availability. Galaxy Digital's shares are currently trading at $25.07, up 3.77% from the previous day [2].

The tokenized shares contract address on Solana is 2HehXG149TXuVptQhbiWAWDjbbuCsXSAtLTB5wc2aajK. Galaxy Digital has warned investors about potential fraudulent tokens from other smart contract addresses claiming to be GLXY stock [1].

References:
[1] https://www.investing.com/news/cryptocurrency-news/galaxy-digital-tokenizes-public-shares-on-solana-blockchain-432SI-4221295
[2] https://www.coindesk.com/business/2025/09/03/galaxy-digital-tokenizes-its-shares-on-solana-with-superstate