Galaxy Digital has become the first company listed in Nasdaq in Tokenize its actions recorded directly on a large blockchain, launching glxy tokens on Solana via the opening bell platform of Partner Superstate.
Tokenized actions represent the real ordinary actions of Galaxy Class A with complete rights of shareholders, and not derivatives or synthetic products. Superstate acts as a transfer agent recorded by the dry, updating real -time property records because the tokens are transferred between the verified holders.
“We participate in the construction of a model that can evolve, not only for Galaxy, but for the market more widely,” the CEO Mike Novogratz said on Wednesday.
Tokenized actions are available immediately for verified KYC investors who can hold and transfer them to cryptographic wallets. Unlike traditional stock markets limited to opening hours, blockchain-based actions allow market potential 24/7 with an almost instable colony.
Galaxy and Superstate explore integration in accordance with regulation with automated market platforms (AMMS) and DEFI as part of the SEC project Initiative Initiative Initiative. Currently, only bilateral transfers between participants in the reserved list are authorized.
This decision represents a passage of companies by simply adding Bitcoin to their balance sheets to the reinvention of the basic financial infrastructure on blockchain rails. Galaxy has invested in Superstate through its venture capital branch, positioning the partnership as part of a wider capital market digitization strategy.
The CEO of superstate, Robert Leshner, described it as “massive upgrade” to the financial markets, noting that the list of registered shareholders of Galaxy automatically updates when the tokens change hands on the chain.
The initiative could provide a model for other public companies that envisage the integration of blockchain, in particular as the adoption of institutional cryptography accelerates and that regulatory frameworks mature.
