Galaxy Digital to Tokenize SEC-Registered Shares on Solana Blockchain

Galaxy Digital officially announced a partnership with SEC-registered transfer agent Superstate to tokenize its Nasdaq-listed GLXY Class A common stock on the Solana blockchain. The tokenized shares carry full legal and economic rights, distinguishing them from wrapped assets. Through Superstate’s Opening Bell platform, investors can convert holdings via the Direct Registration System to Equiniti and receive 1:1 minted tokens into eligible wallets. Initial activity is restricted to bilateral transfers among registered users, with decentralized exchange trading not yet available. Risks disclosed include wallet loss with reissuance procedures, potential price divergence between tokenized and traditional shares due to liquidity issues, and regulatory uncertainty that may force reversal of the program.

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