Galaxy Digital Announces Stock Tokenization on Solana
The post Galaxy Digital Announces Stock Tokenization on Solana appeared on BitcoinEthereumNews.com. Key Notes Galaxy Digital has become the first Nasdaq-listed company to tokenize SEC-registered stock directly on Solana. The tokenization is managed by Superstate, a registered transfer agent, ensuring real-time legal ownership updates. 21 investors have already tokenized a total of 32,374 shares on Solana through Superstate’s Opening Bell platform. Galaxy Digital, the crypto investment firm led by Mike Novogratz, has become the first publicly traded company to tokenize its SEC-registered equity directly on a major blockchain. Through a partnership with fintech firm Superstate, Galaxy’s Class A common shares can now be tokenized and held on Solana. Notably, the move could signal the start of a new trend for crypto-focused entities. A First in Tokenized Public Equities Unlike earlier tokenized stock products, which often use synthetic models without issuer involvement, Galaxy’s shares are directly tokenized. BREAKING: Galaxy and Superstate tokenized GLXY on Solana, the first time a public company has natively issued SEC-registered equity on the network
The post Galaxy Digital Announces Stock Tokenization on Solana appeared on BitcoinEthereumNews.com.
Key Notes Galaxy Digital has become the first Nasdaq-listed company to tokenize SEC-registered stock directly on Solana. The tokenization is managed by Superstate, a registered transfer agent, ensuring real-time legal ownership updates. 21 investors have already tokenized a total of 32,374 shares on Solana through Superstate’s Opening Bell platform. Galaxy Digital, the crypto investment firm led by Mike Novogratz, has become the first publicly traded company to tokenize its SEC-registered equity directly on a major blockchain. Through a partnership with fintech firm Superstate, Galaxy’s Class A common shares can now be tokenized and held on Solana. Notably, the move could signal the start of a new trend for crypto-focused entities. A First in Tokenized Public Equities Unlike earlier tokenized stock products, which often use synthetic models without issuer involvement, Galaxy’s shares are directly tokenized. BREAKING: Galaxy and Superstate tokenized GLXY on Solana, the first time a public company has natively issued SEC-registered equity on the network
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