- The tokenization of Galaxy Digital through Solana demonstrates that blockchain has the capacity to revolutionize traditional markets.
- The transparency provided by blockchain can substitute the conventional share registries with lower costs and increased efficiency.
- Liquidity and growth in the DeFi market may increase with the number of tokenized Galaxy shares.
Galaxy Digital has gone a long way by revealing its intentions to tokenize its publicly listed stock. Beginning today, Nasdaq-traded company shareholders are able to redeem their GLXY into blockchain-based tokens through the Opening Bell platform created by Superstate. This shift opens the possibility of the tokenized shares being traded on a decentralized finance (DeFi) platform and providing wider liquidity and utility to investors. The shares, which are accessible to KYC-authorized users, will be directly pegged to the Class A common stock of Galaxy and will be minted on the Solana blockchain.
Opening Bell Platform Enables Tokenization of Shares
The collaboration between Galaxy Digital and Superstate, a blockchain financial technology company, is another important step in the tokenization of traditional assets. The Opening Bell platform enables the conversion of equity that is registered under the SEC into digital tokens, enabling real-time tracking of ownership. This is in contrast to synthetic tokenized stocks, in which the equity will be represented on-chain, and therefore transactions made on the platform will automatically update the shareholder ledger. This integration will have the advantages of classic market regulation and the functionality of blockchain technology, including transparency and quick settlement.
Galaxy Digital has launched a plan to tokenize its SEC-registered GLXY shares on a major blockchain. Starting today, shareholders can convert their shares into onchain tokens via Superstate’s Opening Bell platform. The tokens are available to KYC-approved investors and may trade…
— Wu Blockchain (@WuBlockchain) September 3, 2025
The tokenized shares are intended to be used within decentralized finance (DeFi) systems to allow a degree of programmability and composability previously unavailable with traditional equities. The CEO of Galaxy Digital, Mike Novogratz, was confident such a strategy would change capital markets. We are aiming to build tokenized equity that provides the best features of crypto, including transparency, programmability, and composability, and traditional finance, he said.
Galaxy Digital Joins the Tokenization Trend
The decision to tokenize the Galaxy Digital GLXY shares on the Solana blockchain is a critical step towards a trend that is increasing in tokenizing listed shares. Galaxy Digital has continuously grown its role in the cryptocurrency and traditional finance markets since its launch in 2018. The tokenization of its shares is a radical move that will help bridge these two worlds with the strength of blockchain technology.
The Opening Bell platform, introduced by Superstate earlier this year, enables public companies to on-chain their stocks in a fully compliant way. The platform will transform equity markets by providing a direct connection between SEC-registered stocks and the blockchain networks. This innovation provides shareholder tracking on the spot, as opposed to synthetic tokens, which only reflect traditional equities. Owners of the Galaxy Digital tokenized shares will have the same ability to handle them as other cryptocurrencies, and the transfers will occur in real time and across authenticated wallets.
Potential for Broader Tokenization Across Equities
The trend of tokenization of stocks is becoming very strong in 2025. Besides Galaxy Digital, more and more companies are looking into the ways in which tokenization could help new opportunities to investors. The total worth of tokenized stocks has already reached 341 million, and tokenized shares of large companies such as Netflix, Meta Platforms, or Nvidia are now available on decentralized exchanges. With the trend going on, it is believed that more Nasdaq-traded and foreign firms would follow suit and take their equities to blockchain networks.
Making the shares of Galaxy Digital tradable on the Solana blockchain is a positive indicator that a new era of liquidity, accessibility, and transparency in financial markets is here. This is a win not just to Galaxy Digital but a potential step toward the broader use of blockchain-based equity markets.
