Galaxy Digital stock goes onchain with Solana tokenization
Galaxy becomes the first Nasdaq-listed company to tokenize its shares on Solana, highlighting how equity markets are starting to move onchain.
Galaxy Digital, the cryptocurrency investment firm founded by Mike Novogratz, has tokenized its publicly traded stock, positioning the shares for use within decentralized finance (DeFi) as institutional interest in tokenization grows.
The company said Wednesday that its Class A common shares, listed on both Nasdaq and the Toronto Stock Exchange under the ticker GLXY, can now be tokenized and fractionalized on the Solana blockchain through Superstate’s Opening Bell, a platform for tokenizing public companies. Superstate, a fintech firm, will act as the SEC-registered transfer agent.
Unlike synthetic products or derivatives, the initiative involves tokenizing Galaxy’s actual Class A shares. Trades executed on Opening Bell will generate an instant record of ownership onchain.