Galaxy Digital has initiated the tokenization of its Class A common shares in partnership with Superstate, the developer of the Opening Bell platform. Now, the company’s securities with the ticker GLXY are represented as tokens on the Solana blockchain, allowing owners to obtain a direct digital record of ownership rights.
This is reported by Business • Media
Tokenization Opportunities and Benefits for Investors
Superstate acts as the transfer agent, registering each change of share ownership on the Solana network in real-time. The tokens correspond to actual GLXY shares on a 1:1 basis. This approach significantly accelerates settlements, simplifies reporting, and, in the future, enables around-the-clock trading of securities. Additionally, tokenization expands the geography of potential investors.
It is worth noting that only verified investors who have completed the KYC process will be able to purchase tokenized shares. Owners can store and exchange digital shares, and transaction information is automatically updated on the Superstate network. The smart contract address for Galaxy shares on Solana is 2HehXG149TXuVptQhbiWAWDjbbuCsXSAtLTB5wc2aajK. Galaxy Digital emphasizes that all alternative offerings that imitate this instrument should be considered fraudulent.
“We are proud to partner with Superstate, helping to lay the foundation for an on-chain capital market that will merge traditional shares with next-generation infrastructure. Our goal is tokenized capital that brings the best features of cryptocurrency—transparency, programmability, and composability—into the traditional world. And we are participating in creating a model that scales not only for Galaxy but for the market as a whole,” said Mike Novogratz, founder and CEO of Galaxy.
Stock Dynamics and Platform Development
Following the announcement of the tokenization launch, GLXY shares demonstrated a 2.8% increase over the day. The securities are also listed on the Toronto Stock Exchange, and their dynamics are reflected on the Nasdaq exchange.
The Opening Bell platform from Superstate was launched in May 2025. It provides public companies with the opportunity to tokenize their shares, opening access to digital assets, including for retail investors. Galaxy Digital also reported that future expansions of listings on Opening Bell are possible.
It is worth mentioning that at the end of July, the eToro platform announced plans to issue tokenized shares of American companies on the Ethereum blockchain with the possibility of trading 24/5.