Quick Highlights
- Galaxy Digital teams up with Superstate to tokenize GLXY shares on Solana
- Tokenized shares align 1:1 with real equity and may enable 24/7 trading
- GLXY stock jumps 2.8% as Galaxy hints at further tokenized listings
Galaxy Digital Partners With Superstate to Tokenize Shares on Solana
Galaxy Digital has announced a partnership with Superstate, the company behind the Opening Bell platform, to tokenize its Class A common shares (GLXY) on the Solana blockchain. This marks one of the most significant moves yet in bridging traditional equity markets with blockchain-based infrastructure.
How It Works: Tokenized Shares on Solana
Superstate will serve as transfer agent, registering ownership instantly on Solana’s network. Each token will represent a 1:1 backed share of Galaxy Digital, ensuring alignment with real equity. The tokenization process is expected to:
- Accelerate settlements and streamline accounting
- Extend investor access and opportunities
- Enable future 24/7 trading of shares
For now, access is restricted to KYC-approved investors, who will be able to store and exchange tokenized shares seamlessly. Transactions will automatically update ownership data on Superstate’s platform.
Galaxy also specified the official contract address for GLXY tokens on Solana: 2HehXG149TXuVptQhbiWAWDjbbuCsXSAtLTB5wc2aajK. The company warned that any other GLXY tokens should be treated as fraudulent.
Galaxy’s Long-Term Vision
Founder and CEO Mike Novogratz said the launch is part of a broader strategy:
“By combining traditional equity with blockchain infrastructure, we’re helping build the foundation of a new capital marketplace. Tokenized shares bring transparency, speed, and scalability — not just for Galaxy, but for the entire market,” he stated.
Market Reaction and Future Plans
GLXY shares jumped 5.5% following the news. The stock is already listed on both the Toronto Stock Exchange and Nasdaq, and could now see increased visibility among digital-first investors.
Superstate, which debuted its Opening Bell platform in May 2025, enables public companies to convert stocks into tokenized formats accessible to digital asset investors. Galaxy confirmed that additional listings on Opening Bell may follow in the future.
