Solana News Today: Investors Gain Blockchain Access as Galaxy Digital Tokenizes Public Shares

Galaxy Digital Inc., a global leader in digital assets and datacenter infrastructure, has partnered with Superstate to launch tokenized public shares on the Solana blockchain. This initiative marks the first time that SEC-registered public equity has been tokenized on a major blockchain platform, according to the companies. The move introduces a new layer of liquidity and accessibility for investors holding Galaxy’s publicly traded shares.

The tokenization initiative allows Galaxy Digital shareholders to convert their traditional shares into digital tokens, enabling transactions on the Solana blockchain. This transition is expected to streamline ownership and transfer processes while expanding the potential investor base beyond traditional stock markets. Galaxy Digital’s stock price, as of the latest available data, showed a significant upward trend, with GLXY.TO trading at C$34.90, reflecting a 4.71% increase. The company’s market capitalization stands at approximately $12.22 billion, with enterprise value at C$2.29 billion.

This development aligns with the broader adoption of blockchain technology in financial services, particularly in the tokenization of assets. Galaxy’s recent $1.4 billion project financing facility, announced in early August, is expected to accelerate the development of its Helios AI datacenter. The project is part of a long-term agreement with CoreWeave to provide high-performance computing infrastructure in Texas. Analysts have noted that the company’s strategic moves, including its expansion into datacenter infrastructure and digital asset services, position it well for long-term growth.

The introduction of tokenized shares is also part of Galaxy’s broader efforts to innovate in the digital asset space. In recent months, the company has also appointed Matt Friedrich as its new Chief Legal Officer, effective September 8. Friedrich’s appointment is expected to bolster Galaxy’s legal and compliance frameworks as it expands into new technological frontiers. Additionally, Galaxy announced a collaboration with DDC Enterprise to enhance its trading capabilities, integrating institutional-quality digital asset trading services and infrastructure.

Despite recent financial results showing a net income of approximately $31 million for the second quarter of 2025, up from a net loss of $295 million in the first quarter, market reactions have been mixed. While some analysts remain bullish on Galaxy’s future performance, citing strong strategic initiatives and earnings improvements, others have noted volatility in trading volumes and mixed options sentiment. The company’s stock price has fluctuated in response to both positive and negative market signals, with some investors expressing concerns over potential investor fatigue.

Looking ahead, Galaxy Digital is set to release its next financial results on March 31, 2026. Analysts have set a one-year price target of $49.65 per share, representing a potential upside of 53.82% from the current price level. The company’s financial performance and strategic initiatives are expected to remain key factors influencing its stock price and broader investor sentiment.

Source: [1] Galaxy and Superstate Launch GLXY Tokenized Public Shares on Solana (https://www.newswire.ca/news-releases/galaxy-and-superstate-launch-galaxy-tokenized-public-shares-on-solana-blockchain-312158641.html) [2] GLXY Stock - Galaxy Digital Inc. (https://www.tipranks.com/stocks/tse:glxy)