Galaxy Digital becomes the first company to tokenize NASDAQ stocks on Solana, with SOL breaking through $210 aiming for a target of $460 | SOL Price Prediction
Nasdaq-listed digital asset company Galaxy Digital announced a partnership with fintech firm Superstate to tokenize its Class A common stock on the Solana network, becoming the first publicly traded company to issue SEC-registered stocks with full shareholder rights on a public chain. Accredited investors can hold and transfer on-chain equity after KYC verification. Meanwhile, the price of Solana's native token SOL rose nearly 4% to $210.64, forming a cup-and-handle pattern on the weekly chart, with the potential to reach a target of $460 after breaking through $275. The network's consensus upgrade Alpenglow passed with a high vote of 98.27%, aiming to reduce block finality time to 150 milliseconds and further enhance performance.
Galaxy Digital Stock Tokenization: Compliance Framework and DeFi Potential Coexist
Galaxy Digital (GLXY) collaborates with Superstate to issue Class A common stock in token form on the Solana network through the latter's Opening Bell platform. Superstate, as an SEC-registered transfer agent, will update the shareholder register in real-time, ensuring that on-chain transfers are synchronized with legal changes in ownership. Unlike synthetic token models in the market without issuer participation, this solution retains all rights of shareholders and plans to explore integrating tokenized stocks with automated market makers (AMM) under compliance in the future to enhance liquidity and participation in DeFi platforms.
Currently, tokenized stocks are only open to accredited investors who have passed identity verification, and investors can hold and transfer them using a crypto wallet. Galaxy emphasizes that only tokens issued through its official Solana contract address are the legitimate versions.
Executives View Tokenization as a Milestone in Capital Markets
Galaxy founder and CEO Mike Novogratz stated that this move lays the foundation for "connecting traditional equity with on-chain capital markets" and claimed that tokenization of equity can bring advantages such as faster settlement, 24/7 trading, and programmability. This initiative also aligns with Galaxy's plan, in collaboration with Jump and Multicoin, to raise $1 billion for the Solana treasury.
Superstate CEO Robert Leshner believes that this is an important milestone for financial markets, demonstrating how on-chain infrastructure can enhance the efficiency of equity systems by providing real-time updates on shareholder information. As regulatory approvals progress, tokenized equity is expected to redefine the investment and trading methods of publicly traded stocks globally.
Stock Price Response: GLXY rose 2.85% on the day, showing strong long-term performance.
After the tokenization announcement, Galaxy Digital (GLXY)'s stock price rose by 2.85%, from $23.49 to $24.16. In the long term, GLXY has risen 82.75% over the past six months, with a year-to-date increase of 37.27%, and a five-year cumulative return of 544.27%, reflecting the market's confidence in its digital financial innovation strategy.
Solana Technical Analysis: Cup and Handle Pattern Forming, Target Price at 460 USD
(Source: TradingView)
SOL is currently priced at $210.64, up nearly 4% for the day. The weekly chart shows a cup-and-handle pattern formed since mid-2022, with the neckline around $275. If this resistance is effectively broken, it may further target the Fibonacci levels of $367 and $460. The RSI indicator is around 60, supporting continued upward movement without indicating overbought conditions.
The SOL price has successfully converted the original resistance zone of 200–220 USD into support, with on-chain trading volume showing robust buying near 190 USD, and the 0.236 Fibonacci retracement level at 148 USD also constitutes strong support below.
Alpenglow upgrade passed with a high vote, block final time shortened to 150 milliseconds
The Solana network consensus upgrade Alpenglow was approved with a support rate of 98.27%, with more than half of the staked supply participating in the vote. This upgrade aims to shorten the block finality time to 150 milliseconds, solidifying Solana's position as the fastest mainstream blockchain, and is expected to further enhance the scalability of DeFi, NFT ecosystems, and real-world applications. The low-latency feature also helps attract more institutional players and developers.
Conclusion
Galaxy Digital's tokenized stock issuance is a significant attempt to integrate traditional finance with blockchain, providing a compliant model for more listed companies to explore on-chain equity. Solana, with its technological upgrades and bullish price structure, demonstrates strong ecological momentum. Together, they reflect the trend of accelerating integration between capital markets and public chain infrastructure, and the future liquidity, accessibility, and innovative use cases of on-chain assets are worth continuous attention.
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Galaxy Digital becomes the first company to tokenize NASDAQ stocks on Solana, with SOL breaking through $210 aiming for a target of $460 | SOL Price Prediction
Nasdaq-listed digital asset company Galaxy Digital announced a partnership with fintech firm Superstate to tokenize its Class A common stock on the Solana network, becoming the first publicly traded company to issue SEC-registered stocks with full shareholder rights on a public chain. Accredited investors can hold and transfer on-chain equity after KYC verification. Meanwhile, the price of Solana's native token SOL rose nearly 4% to $210.64, forming a cup-and-handle pattern on the weekly chart, with the potential to reach a target of $460 after breaking through $275. The network's consensus upgrade Alpenglow passed with a high vote of 98.27%, aiming to reduce block finality time to 150 milliseconds and further enhance performance.
Galaxy Digital Stock Tokenization: Compliance Framework and DeFi Potential Coexist
Galaxy Digital (GLXY) collaborates with Superstate to issue Class A common stock in token form on the Solana network through the latter's Opening Bell platform. Superstate, as an SEC-registered transfer agent, will update the shareholder register in real-time, ensuring that on-chain transfers are synchronized with legal changes in ownership. Unlike synthetic token models in the market without issuer participation, this solution retains all rights of shareholders and plans to explore integrating tokenized stocks with automated market makers (AMM) under compliance in the future to enhance liquidity and participation in DeFi platforms.
Currently, tokenized stocks are only open to accredited investors who have passed identity verification, and investors can hold and transfer them using a crypto wallet. Galaxy emphasizes that only tokens issued through its official Solana contract address are the legitimate versions.
Executives View Tokenization as a Milestone in Capital Markets
Galaxy founder and CEO Mike Novogratz stated that this move lays the foundation for "connecting traditional equity with on-chain capital markets" and claimed that tokenization of equity can bring advantages such as faster settlement, 24/7 trading, and programmability. This initiative also aligns with Galaxy's plan, in collaboration with Jump and Multicoin, to raise $1 billion for the Solana treasury.
Superstate CEO Robert Leshner believes that this is an important milestone for financial markets, demonstrating how on-chain infrastructure can enhance the efficiency of equity systems by providing real-time updates on shareholder information. As regulatory approvals progress, tokenized equity is expected to redefine the investment and trading methods of publicly traded stocks globally.
Stock Price Response: GLXY rose 2.85% on the day, showing strong long-term performance.
After the tokenization announcement, Galaxy Digital (GLXY)'s stock price rose by 2.85%, from $23.49 to $24.16. In the long term, GLXY has risen 82.75% over the past six months, with a year-to-date increase of 37.27%, and a five-year cumulative return of 544.27%, reflecting the market's confidence in its digital financial innovation strategy.
Solana Technical Analysis: Cup and Handle Pattern Forming, Target Price at 460 USD
(Source: TradingView)
SOL is currently priced at $210.64, up nearly 4% for the day. The weekly chart shows a cup-and-handle pattern formed since mid-2022, with the neckline around $275. If this resistance is effectively broken, it may further target the Fibonacci levels of $367 and $460. The RSI indicator is around 60, supporting continued upward movement without indicating overbought conditions.
The SOL price has successfully converted the original resistance zone of 200–220 USD into support, with on-chain trading volume showing robust buying near 190 USD, and the 0.236 Fibonacci retracement level at 148 USD also constitutes strong support below.
Alpenglow upgrade passed with a high vote, block final time shortened to 150 milliseconds
The Solana network consensus upgrade Alpenglow was approved with a support rate of 98.27%, with more than half of the staked supply participating in the vote. This upgrade aims to shorten the block finality time to 150 milliseconds, solidifying Solana's position as the fastest mainstream blockchain, and is expected to further enhance the scalability of DeFi, NFT ecosystems, and real-world applications. The low-latency feature also helps attract more institutional players and developers.
Conclusion
Galaxy Digital's tokenized stock issuance is a significant attempt to integrate traditional finance with blockchain, providing a compliant model for more listed companies to explore on-chain equity. Solana, with its technological upgrades and bullish price structure, demonstrates strong ecological momentum. Together, they reflect the trend of accelerating integration between capital markets and public chain infrastructure, and the future liquidity, accessibility, and innovative use cases of on-chain assets are worth continuous attention.