Galaxy Digital and Superstate Launch SEC-Registered Tokenized Equity on Solana

Galaxy Digital, a digital asset giant and data center infrastructure, has announced a strategic partnership with Superstate, a financial technology firm, to issue tokenized shares of GLXY on the Solana blockchain.

The firm disclosed that the move marks the first time a publicly traded company has natively released SEC-registered equity on the Solana blockchain, highlighting a significant step forward for regulated tokenized securities in the United States.

Galaxy’s Vision for Modernized Finance

The initiative brings traditional equity directly onto a blockchain network, bridging the gap between public markets and decentralized infrastructure. By issuing GLXY shares as tokens, investors gain access to a version of the stock that can settle nearly instantly, reduce intermediaries, and potentially unlock new trading and liquidity models.

Galaxy’s leadership framed the launch as an extension of its long-term vision to modernize financial markets by adopting blockchain technology.

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 founder and CEO, Mike Novogratz, noted.

Meanwhile, following the latest announcement, Galaxy’s GLXY is up 4.2% over the past 24 hours. The shares currently sell for $25.19.

A First for Nasdaq-Listed Companies 

Superstate also played a central role in structuring the issuance to meet regulatory standards while leveraging Solana’s high-performance blockchain. The collaboration ensures that the tokenized GLXY shares are fully compliant with SEC rules. Hence, this grants them the same legal standing as traditional equities. 

“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,” Robert Leshner, CEO of Superstate, said.

Notably, the launch is not just a milestone for Galaxy but for the broader tokenization trend sweeping global markets. Financial institutions have increasingly explored the idea of putting real-world assets (RWAs), ranging from bonds to real estate, on-chain. However, a publicly listed company natively issuing SEC-approved equity on Solana sets a precedent that could accelerate mainstream adoption. 

By merging regulated equity with decentralized networks, Galaxy and Superstate may have opened a new chapter in the intersection of blockchain technology and the broader financial markets. This could reshape capital markets in the years ahead.

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