Galaxy Digital Tokenizes SEC-Registered Equity on Solana Blockchain

Galaxy Digital has tokenized its SEC-registered equity on the Solana blockchain, becoming the first public company to do so directly. This initiative, in partnership with Superstate, allows Galaxy's Class A common shares to be tokenized and held on-chain.

Key Details

Tokenization involves direct issuance of shares rather than synthetic models.
Superstate will manage the process, ensuring real-time updates to the official shareholder registry.
21 investors have already tokenized 32,374 shares via Superstate’s Opening Bell platform.
Benefits include 24/7 trading, faster settlements, and enhanced transparency.
Galaxy is collaborating with regulators to ensure compliance while adapting to new market realities.
The firm plans a $1 billion treasury in Solana, significantly increasing its holdings in the cryptocurrency.

This development could pave the way for more crypto-focused entities to tokenize their equities, enhancing liquidity and accessibility in financial markets.