Galaxy Digital Pioneers Tokenization of Public Shares on Solana, Bridging TradFi and DeFi

Galaxy Digital Inc. has partnered with Superstate to tokenize its SEC-registered Class A Common Stock (GLXY) on the Solana blockchain, marking the first instance of a public company tokenizing its equity directly on a major public blockchain. This initiative allows stockholders to hold GLXY shares on-chain, integrating traditional securities with decentralized finance (DeFi) infrastructure.

Superstate, serving as Galaxy's digital transfer agent, facilitates the on-chain recording of legal ownership in real-time as tokens are transferred. Diogo Mónica, commenting on the development, stated, > "Superstate is Galaxy’s digital transfer agent for the tokenized shares. This is another clear example of the why now. We finally have crypto companies like @superstatefunds with ATS registration and technology thats allows them to bridge traditional securities with all their rights from TradFi to DeFi."

The tokenization aims to bring the benefits of crypto, such as transparency, programmability, and composability, to traditional equities. Galaxy CEO Mike Novogratz emphasized, "We're proud to be working with Superstate to help lay the groundwork for an onchain capital market that bridges traditional equities with next-generation infrastructure." Superstate CEO Robert Leshner added that financial markets are undergoing a "massive upgrade" with this development.

These tokenized shares are not derivatives but actual Galaxy Digital Class A Common Stock, retaining all associated legal and economic rights. While currently available to approved KYC'd investors for self-custody and bilateral transfers, Galaxy and Superstate are actively exploring regulatory-compliant trading via Automated Market Makers (AMMs) and other DeFi platforms. The selection of Solana underscores its high-speed settlement and efficient network capabilities for this groundbreaking venture.