Galaxy Digital to Tokenize Shares on Solana Blockchain

Galaxy Digital, the Nasdaq-listed crypto investment firm, has become the first public company to tokenize its SEC-registered equity shares directly on a major blockchain. Starting today, shareholders of Galaxy can move their GLXY stock onto the blockchain through Opening Bell, a platform developed by Superstate. This milestone sets a new model for public companies, allowing traditional equity to exist alongside digital assets. It also enables shares to move with the speed and flexibility of crypto markets. Galaxy Digital Launches Blockchain-Based Tokenized Shares for Investors The new program allows investors who hold Galaxy shares to transform their equity into digital tokens stored inside their own crypto wallets. These tokenized shares are not synthetic products or wrapped versions. They are the company’s actual SEC-registered shares, issued directly on the blockchain. Once tokenized, the shares can be transferred directly between approved investors. Over time, they could also be integrated into decentralized trading systems like Automated Market Makers and other decentralized finance (DeFi) platforms. The aim is to give traditional equity the same liquidity, programmability, and utility that crypto tokens already enjoy by using blockchain infrastructure. Opening Bell’s Role in a Changing Market Superstate, a financial technology firm, launched Opening Bell earlier this year to bring public equities onchain. The platform is designed in a way that regulators can recognize and support. The platform began on the Solana blockchain, chosen for its speed and scalability. This comes as Exodus, a self-custodial crypto platform, is making plans to partner with Superstate to tokenize its shares. Unlike other experiments that use stock imitations, Opening Bell issues regulated shares directly onchain. This creates a reliable bridge between traditional and digital markets. With Galaxy as the first Nasdaq-listed participant, Opening Bell is moving beyond theory and into practice. Each time tokenized shares change hands, the official shareholder record of Galaxy updates automatically. This system introduces real-time settlement and a higher level of transparency than today’s market infrastructure. A Broader Push Toward Tokenization Galaxy’s founder and well-known Bitcoin advocate, Mike Novogratz , described the initiative as a step toward building a scalable model for onchain capital markets. The investment firm had hinted at this move back in August. At the time, it confirmed plans to explore tokenization of its GLXY shares through a partnership with Superstate. The Galaxy initiative arrives at a time of growing interest in tokenizing traditional assets. Earlier this year, Superstate and several other firms submitted proposals to the U.S. Securities and Exchange Commission. Their goal was to create a regulated path for bringing Wall Street shares onto blockchain networks. Momentum is also building elsewhere. In June, Upexi, a Solana-based treasury firm, announced plans to issue its own shares through Opening Bell. These moves suggest that Galaxy, which recently secured a major funding, may be the first public company to take the leap, but it is unlikely to be the last. The post Galaxy Digital to Tokenize Shares on Solana Blockchain appeared first on TheCoinrise.com .