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Galaxy Digital Stock Is Trending Wednesday: What's Going On? - Galaxy Digital (NASDAQ:GLXY)

Galaxy Digital's SEC-registered Class A shares are now tokenized on Solana blockchain, enabling KYC-approved investors to trade with full shareholder rights and near-instant settlement.

  • On September 3, 2025, Galaxy Digital partnered with Superstate in New York to tokenize its Nasdaq-listed GLXY shares on the Solana blockchain.
  • This partnership follows Superstate's 2023 founding and its May 2025 launch of Opening Bell, a regulated onchain tokenization platform connecting traditional finance with crypto markets.
  • Stockholders can tokenize and hold Galaxy's Class A Common Stock via Opening Bell, with Superstate acting as the SEC-registered transfer agent updating ownership in real time.
  • Galaxy CEO Mike Novogratz explained that their objective is to create equity in token form, integrating the advantages of cryptocurrency such as transparency, programmability, and composability into traditional financial markets, with plans to develop a scalable model for widespread use.
  • This represents the debut of a SEC-registered Nasdaq company’s shares being digitized on a widely used public blockchain, enabling continuous trading hours and rapid transaction finality while preserving all shareholder entitlements.
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Cointelegraph broke the news in on Wednesday, September 3, 2025.
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