Mike Novogratz’s Galaxy Digital Brings Its Equity On-Chain With Solana Tokenization, SOL Price Surges ⋆ ZyCrypto
The post Mike Novogratz’s Galaxy Digital Brings Its Equity On-Chain With Solana Tokenization, SOL Price Surges ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
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  Solana (SOL) price surged to a daily peak of $212.82 on the back of Galaxy Digital’s announcement of tokenized public shares on the Solana blockchain. The move is the first time a publicly listed firm is tokenizing SEC-regulated equity on a major blockchain, signaling Wall Street’s migration to crypto infrastructure. Galaxy Digital Tokenizes Stock On Solana Financial services firm Galaxy Digital has announced the tokenization of its shares on Solana following a partnership with Superstate. According to an official statement, GLXY stockholders can lean on Super State’s Opening Bell platform to tokenize their shares on the Solana blockchain. According to the statement, the tokenized stocks are Galaxy Digital Class A Common Stock, which offers holders the full rights associated with the securities. While tokenized securities have gathered significant steam in recent months, they are largely synthetic models that rely on wrappers without issuer involvement. However, Galaxy Digital breaks the mold with tokenized GLXY shares having the same force as traditional equity. Apart from being equivalent to traditional equity, the tokenized GLXY shares are expected to benefit from the advantages of speed and efficiency offered by blockchains. “We’re proud to be working with Superstate to help lay the groundwork for an on-chain capital market that bridges traditional equities with next-generation infrastructure,” said Galaxy Digital CEO Mike Novogratz. Advertisement
  Given its position as an SEC-registered transfer agent, Superstate keeps an on-chain record of the registered shareholder list in real-time. Right off the bat, users who complete the Know Your Customer (KYC) requirement can hold and transfer tokenized GLXY shares. In the meantime, Galaxy and Superstate are exploring avenues for tokenized equities trading using Automated Market Makers (AMM). “Our goal is a tokenized equity that brings the best of crypto – transparency, programmability, and composability – into…
Filed under: News - @ September 4, 2025 4:27 pm