Galaxy Digital is evaluating tokenizing its GLXY shares via blockchain transfer agent Superstate as part of broader blockchain finance initiatives, following a volatile yet record-setting Q2 performance.
Galaxy Digital disclosed in a recent SEC filing that it is exploring the tokenization of its Class A common stock through a digital transfer agency agreement with Superstate Services. The filing follows its Nasdaq debut under ticker GLXY and comes amid robust Q2 financials, with total assets surging 43% to $9.1 billion, a turnaround in net income, and significant digital asset activity including a sale of over 80,000 BTC. CEO Mike Novogratz reiterated that while tokenized securities could offer new trading channels, the market remains in its early stages.