The shares of Galaxy Digital, a company listed on the Nasdaq exchange, have been tokenized on Solana to be viewed in real time. The statement mentioned that Galaxy Digital has collaborated with a firm called Superstate on this matter.
The tokenized version of GLXY shares can be held on Superstate company's platform called Opening Bell.
Not derivative or synthetic, real stock…
The official statement indicated that the tokenized shares are the real Class A shares of Galaxy.
So this situation is different from the derivative stock transactions made on platforms like xStocks that exchanges have recently offered...
In applications like xStocks, users can receive tokens in exchange for stocks with cryptocurrencies from anywhere in the world. There is no need to own real shares for this.
However, in the collaboration between Galaxy and Superstate, real shares were tokenized. This means that in order for the user to be able to tokenize their share and see it on the blockchain, they must actually be the owner of the share.
Thus, this situation means that for the first time, a share of a company registered with the SEC and listed on Nasdaq has been tokenized.
It will be recorded instantly
Superstate has taken on the role of the official institution responsible for transfers here. In the case of an individual buying and selling shares, the company's shareholder list and figures will be updated in real-time on the blockchain.
The statement also noted that the two companies are exploring the transfer of this application to DeFi platforms.
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Galaxy shares have been tokenized on Solana.
The shares of Galaxy Digital, a company listed on the Nasdaq exchange, have been tokenized on Solana to be viewed in real time. The statement mentioned that Galaxy Digital has collaborated with a firm called Superstate on this matter.
The tokenized version of GLXY shares can be held on Superstate company's platform called Opening Bell.
Not derivative or synthetic, real stock…
The official statement indicated that the tokenized shares are the real Class A shares of Galaxy.
So this situation is different from the derivative stock transactions made on platforms like xStocks that exchanges have recently offered...
In applications like xStocks, users can receive tokens in exchange for stocks with cryptocurrencies from anywhere in the world. There is no need to own real shares for this.
However, in the collaboration between Galaxy and Superstate, real shares were tokenized. This means that in order for the user to be able to tokenize their share and see it on the blockchain, they must actually be the owner of the share.
Thus, this situation means that for the first time, a share of a company registered with the SEC and listed on Nasdaq has been tokenized.
It will be recorded instantly
Superstate has taken on the role of the official institution responsible for transfers here. In the case of an individual buying and selling shares, the company's shareholder list and figures will be updated in real-time on the blockchain.
The statement also noted that the two companies are exploring the transfer of this application to DeFi platforms.
Published: September 3, 2025 15:08