Galaxy Digital Inc., a global leader in digital assets and data center infrastructure, announced it has partnered with Superstate to allow stockholders to tokenize and hold GLXY shares onchain. This milestone marks the first time a public company has tokenized its SEC-registered equity directly on a major blockchain.

Effective immediately, stockholders can now tokenize their GLXY shares through Superstate’s Opening Bell platform.

While other tokenized stock offerings rely on wrapper or synthetic models — often done without issuer involvement — Superstate works directly with companies to enable tokenization of their SEC-registered shares. These are not derivatives or representations; they are Galaxy Digital Class A Common Stock, with all the rights that confers. As the SEC-registered transfer agent, Superstate records legal ownership onchain in real time as tokens are transferred.

“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,” said Mike Novogratz, Founder and CEO of Galaxy. “Our goal is a tokenized equity that brings the best of crypto – transparency, programmability, and composability – into the traditional world. And we’re taking part in building a model that can scale, not just for Galaxy, but for the market more broadly.”

Galaxy’s launch on Opening Bell represents a step-change in public equity infrastructure. The shares remain fully compliant and legally equivalent to traditional equity, but now benefit from the speed, transparency, and efficiency of blockchains. By tokenizing on Solana, Galaxy’s equity gains 24/7 market potential and near-instant settlement.

“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. Financial markets are undergoing a massive upgrade with Superstate,” said Robert Leshner, CEO of Superstate.

Galaxy and Superstate are continuing to explore 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. Subject to these regulatory considerations, Galaxy’s tokenized shares—and future listings on Opening Bell—could be made available on AMMs and other DeFi platforms, unlocking broader liquidity and utility for investors and issuers alike.

Galaxy’s tokenized shares will be available to approved KYC’d investors who can hold and transfer them within their own crypto wallets. When onchain transfers occur between verified participants the ownership records are updated by Superstate, acting as the official transfer agent. Superstate is a Galaxy Ventures portfolio company, reflecting Galaxy’s broader strategy of investing in and partnering with companies driving blockchain-based innovations.

Galaxy shares’ Contract Address on Solana is 2HehXG149TXuVptQhbiWAWDjbbuCsXSAtLTB5wc2aajK. Any tokens from other smart contract addresses that claim to be onchain shares of GLXY stock, or true issuances from Galaxy Digital, are fraudulent.

For more detailed information on this announcement, please refer to Galaxy’s White Paper on the tokenization process and related FAQs.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of Galaxy’s securities, nor shall there be any sale of Galaxy’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Source: Galaxy

Tokenized GLXY by @superstatefunds on @solana is an official Class A Common Stock registered with the SEC, currently with ~$800k market cap minted onchain.

Stockholders can tokenize their shares, and potentially open the doors for DeFi integrations in the future. https://t.co/yzXuKsXq8b pic.twitter.com/ATNRESJ0rJ

— Tom Wan (@tomwanhh) September 3, 2025

Blog from Superstate

For the first time, the shares of an SEC-registered, publicly traded company have been tokenized directly on a major blockchain and transferred peer-to-peer.

Galaxy Digital, a global leader in digital assets and data center infrastructure, partnered with Superstate to make it happen. Through Superstate’s Opening Bell platform, GLXY stockholders can now tokenize and hold their shares on Solana, with Superstate acting as the SEC-registered transfer agent to ensure compliance and maintain official shareholder records. These aren’t derivatives or synthetic tokens. They’re actual Galaxy Class A Common Stock, carrying all the rights and benefits of traditional shares.

This milestone points toward how public markets can operate on modern, programmable rails: faster, more transparent, and fully compliant.

A New Kind of On-chain Equity

The term “tokenized equity” has been used loosely over the years. Often, it’s referring to synthetic or “wrapper” representations of public stocks issued by third parties without the company’s involvement. These products may attempt to track the price of an equity, but they don’t confer the same legal rights and shareholder benefits as the underlying, nor do they integrate with the company’s shareholder registry. They aren’t stock. They’re financial abstractions.

Tokenized GLXY shares are different. They’re the same Class A Common Stock that trades on major exchanges, now recorded directly on Solana. Through Superstate’s Opening Bell platform, shareholders can tokenize their holdings on-chain, while Superstate ensures full legal and regulatory integrity and maintains Galaxy’s official shareholder records in real time. Once tokenized, shares can also be transferred peer-to-peer between verified addresses, with each movement reflected instantly on Galaxy’s cap table. Holders of these tokens are true GLXY shareholders, with the same rights and benefits as if their shares were held through a traditional brokerage.

And critically, this milestone is more than just putting shares on-chain. It lays the groundwork for what comes next: streamlined settlement, new liquidity venues, and integration with on-chain decentralized financial infrastructure. Tokenization sets the stage for public equities to operate in a global, programmable, and always-on market.

What Changes for Companies and Investors

What this unlocks isn’t theoretical, it’s tangible.

For companies, today’s capital markets still rely on outdated infrastructure that limits how they connect with shareholders. Ownership is often obscured through layers of custodians and brokers, making it difficult to know who actually holds their stock. Corporate actions like dividends require multiple intermediaries, adding cost and friction. Market access is fragmented, constrained by exchange listings and trading hours and companies are limited in how creatively they can interact with their shareholders.

Tokenized equity changes that. Companies gain real-time visibility into their shareholder base, with every change in ownership recorded on-chain as it happens. They can engage directly with investors, reach a broader investor base, distribute dividends instantly to wallets, and explore other innovative ways of interacting with stakeholders, all while keeping legal rights intact and operating inside a compliant framework.

For investors, settlement happens as soon as a block confirms. No more T+1. Shares can be held directly in wallets without the layers of intermediaries found in traditional finance. Ownership transfers have full legal effect, and the same asset can be securely held today, with future opportunities to trade, use as collateral, or integrate into DeFi protocols as compliant models emerge. Tokenization makes it possible to participate in public markets on a global, 24/7 basis.

This isn’t about building a new asset class. It’s about moving the existing one onto better infrastructure.

The Beginning of a Broader Shift

Galaxy is the first public company to have its equity tokenized on a major public blockchain, but it won’t be the last. This launch marks the start of a market structure shift toward equities that can operate globally, 24/7, and without unnecessary intermediaries between companies and their shareholders.

In the months ahead, Superstate will support additional companies bringing their equity on-chain, while new DeFi integrations emerge to enable compliant liquidity and collateral use cases. Investor access will also continue to expand as more infrastructure comes online. Opening Bell is live today on Solana, with Ethereum support coming soon for other major companies.

Source: Superstate