Étienne Girard
Galaxy Digital (Nasdaq: GLXY) announced Wednesday that it has officially tokenized its SEC-registered equity on a public blockchain, making it the first Nasdaq-listed firm to do so. Starting today, shareholders can convert their GLXY stock into tokenized shares through Superstate’s Opening Bell platform.
According to the release, Galaxy’s tokenized shares will be accessible to approved KYC-verified investors, who will be able to store and transfer them directly in their crypto wallets. The firm also highlighted that these tokenized equities could soon be traded through Automated Market Makers (AMMs) and DeFi platforms, providing greater liquidity and utility compared to traditional equities.
Opening Bell: Bringing Equities Onchain
Superstate’s Opening Bell platform, launched in May, was designed to bring SEC-registered equities onto blockchain networks, starting with Solana. Unlike synthetic or wrapped assets, Opening Bell offers direct issuance and trading of on-chain securities, which sets it apart from other tokenization initiatives.
Leadership Commentary on the Tokenization Push
Galaxy founder and CEO Mike Novogratz stated:
“We’re proud to partner with Superstate in building the foundation of an onchain capital market. Our aim is to create tokenized equity that combines the strengths of crypto—transparency, programmability, and composability—with traditional markets. This initiative isn’t just about Galaxy; it’s about creating a scalable model for the entire financial system.”
Superstate CEO Robert Leshner added:
“This marks the first time a Nasdaq-listed stock has been tokenized on a major blockchain. Every time tokens are exchanged, Galaxy’s shareholder registry updates in real-time. We are witnessing a historic transformation in financial markets.”
Broader Push for Onchain Equities
Galaxy had already signaled its interest in tokenizing GLXY shares last month, working with Superstate to prepare the launch. Meanwhile, in June, Solana-based treasury firm Upexi announced similar plans to tokenize public shares using Opening Bell.
Superstate has also submitted proposals to the SEC’s Crypto Task Force to establish a regulatory framework for bringing Wall Street stocks onto blockchain infrastructure.
