Galaxy Digital Partners with Superstate to Tokenize SEC-Registered Shares

Galaxy Digital has partnered with Superstate to allow stockholders to tokenize and hold GLXY shares onchain, marking the first time a public company has done so. The partnership enables stockholders to directly tokenize their GLXY shares through Superstate's Opening Bell platform, which records legal ownership onchain. This is not a derivative or representation, but actual Galaxy Digital Class A Common Stock with all rights.

Galaxy Digital Inc. (Nasdaq: GLXY) (TSX: GLXY), a global leader in digital assets and data center infrastructure, has partnered with Superstate to enable stockholders to tokenize and hold GLXY shares on Solana blockchain. This marks the first time a public company has tokenized its SEC-registered equity directly on a major blockchain [1].

Effective immediately, stockholders can tokenize their GLXY shares through Superstate's Opening Bell platform. This platform allows for real-time recording of legal ownership onchain, ensuring transparency and efficiency. The tokenized shares are not derivatives or representations; they are actual Galaxy Digital Class A Common Stock, conferring all the rights of traditional equity [1].

The partnership aims to bridge traditional equities with next-generation infrastructure, bringing the benefits of blockchain technology—such as speed, transparency, and efficiency—into the traditional financial world. By tokenizing on Solana, GLXY's equity gains 24/7 market potential and near-instant settlement [1].

Superstate, acting as the SEC-registered transfer agent, records legal ownership onchain in real-time as tokens are transferred. This ensures that the registered shareholder list of Galaxy updates immediately when tokens change hands [1].

Galaxy and Superstate are exploring 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. This could unlock broader liquidity and utility for investors and issuers alike, subject to regulatory considerations [1].

Galaxy shares' Contract Address on Solana is 2HehXG149TXuVptQhbiWAWDjbbuCsXSAtLTB5wc2aajK. Any tokens from other smart contract addresses claiming to be onchain shares of GLXY stock or true issuances from Galaxy Digital are fraudulent [1].

For more detailed information, refer to Galaxy's White Paper on the tokenization process and related FAQs [1].

References:
[1] https://www.marketscreener.com/news/galaxy-and-superstate-launch-glxy-tokenized-public-shares-on-solana-ce7d59dad089f52d