Galaxy Digital Partners with Superstate to Tokenize Public Shares on Solana

Galaxy and Superstate Launch Tokenization of GLXY Shares on Solana

In a groundbreaking move for digital assets, Galaxy Digital Inc. (Nasdaq: GLXY) has teamed up with Superstate to revolutionize how public equity shares are handled. Announced on September 3, 2025, this partnership allows stockholders to tokenize and manage their GLXY shares on the Solana blockchain, marking a significant milestone as the first instance of a public company directly tokenizing its SEC-registered equity.

A New Era for Tokenization

Traditionally, tokenized stock offerings have depended on wrapper or synthetic models, often executed without direct issuer involvement. However, the approach taken by Superstate is unique, as it collaborates directly with companies to facilitate the tokenization of their SEC-registered shares. This means that the tokens issued are not mere derivatives or representations; they are the actual Galaxy Digital Class A Common Stock, inclusive of all associated rights. Superstate has been appointed as the SEC-registered transfer agent, ensuring that legal ownership is recorded on-chain in real-time whenever tokens are transferred.

Mike Novogratz, Founder and CEO of Galaxy Digital, expressed his excitement about this collaboration with Superstate, stating, "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." He emphasized the objective of creating a tokenized equity framework that embodies the benefits of cryptocurrencies, including transparency, programmability, and composability, while scaling it for broader market applications.

Infrastructure Redefined

The launch of Galaxy's tokenized shares through the Opening Bell platform represents a transformative shift in public equity infrastructure. While the shares maintain full compliance and equivalency with traditional equity, they now enjoy enhanced advantages deriving from blockchain technology. By executing the tokenization on Solana, Galaxy’s equity benefits from round-the-clock market access and swift settlement times.

Robert Leshner, CEO of Superstate, hailed this development as a significant upgrade to financial markets, stating, "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."

Future Prospects with Automated Market Makers

Looking ahead, Galaxy and Superstate are investigating the potential for trading tokenized public equities via Automated Market Makers (AMMs) in a manner compliant with regulations, aligning with the SEC’s broader Project Crypto agenda. If regulatory considerations permit, Galaxy’s tokenized shares—as well as future listings on the Opening Bell platform—may facilitate operations on AMMs and other DeFi platforms, creating new avenues for liquidity and utility for investors and issuers alike.

Additionally, Galaxy’s tokenized shares will be accessible to verified KYC investors, enabling them to hold and transfer shares within their cryptocurrency wallets. Whenever on-chain transfers occur among verified participants, Superstate will update ownership records, functioning as the official transfer agent.

Galaxy shares' contract address on the Solana blockchain has been established as 2HehXG149TXuVptQhbiWAWDjbbuCsXSAtLTB5wc2aajK. It’s essential for investors to be aware that any tokens from other smart contract addresses claiming to represent on-chain shares of GLXY stock or to issue tokens falsely attributed to Galaxy Digital are fraudulent.

For a comprehensive understanding of this groundbreaking announcement, investors can refer to Galaxy's white paper detailing the tokenization process alongside an FAQ section.

About Galaxy Digital

Galaxy (Nasdaq/TSX GLXY) is a prominent figure in the digital asset landscape, specializing in data center infrastructure and offering solutions that advance innovation within finance and artificial intelligence. The digital assets platform provides institutional access to trading, advisory services, asset management, staking, self-custody, and tokenization technology. With its headquarters in New York City, Galaxy maintains a presence across North America, Europe, the Middle East, and Asia. More information regarding Galaxy’s offerings can be found at www.galaxy.com.

About Superstate

Superstate is at the forefront of transforming public capital markets. By linking financial assets with crypto capital markets, the company aims to improve access, liquidity, and capital formation through on-chain public listings and tokenized investment products. Its offerings include Opening Bell for compliant on-chain equity listings, as well as tokenized funds optimized for varied investment strategies. For more details, visit superstate.com.

This landmark development is poised to redefine the landscape of public equity investments, setting a precedent for future innovations in the cryptocurrency and finance realms.