#GalaxyDigital
2 articles tagged #GalaxyDigital — curated RWA tokenization coverage.
8.5
Stocks
coinmarketcap.com·6d ago
Galaxy Digital Tokenizes Stock Shares on Solana Blockchain
Galaxy Digital has become the first Nasdaq-listed firm to tokenize SEC-registered Class A common shares directly on the Solana blockchain. Facilitated by Superstate's Opening Bell platform, this initiative allows approved KYC'd investors to hold and transfer actual equity shares within digital wallets. Unlike synthetic derivatives, these tokens represent direct ownership, with trades triggering real-time updates to the official shareholder registry. This development marks a significant shift in capital markets by integrating public equities into blockchain infrastructure. With the RWA sector expanding 380% since 2022, the total value of tokenized stocks has reached approximately $341 million. By bridging traditional equity markets with on-chain settlement, the project demonstrates a move toward more efficient, transparent financial record-keeping. This milestone highlights the growing institutional appetite for native on-chain equity access beyond traditional private credit or Treasury bond offerings.
9.0
Stocks
What's Driving the Tokenization Revolution in Equities - Kavout
Galaxy Digital has pioneered the tokenization of its SEC-registered equity, GLXY, on the Solana blockchain, marking a shift from wrapped tokens to native issuance. This initiative aims to enhance capital market efficiency by enabling 24/7 trading, fractional ownership, and atomic settlement. Beyond trading, Galaxy Digital is collaborating with Broadridge and Superstate to implement on-chain proxy voting for the upcoming May annual meeting. This pilot utilizes Broadridge’s Avalanche-based Layer 1 chain to provide a transparent, verifiable record of shareholder votes, addressing inefficiencies in traditional proxy systems. By integrating these features, the project seeks to bridge the gap between traditional brokerage holdings and decentralized finance, allowing tokenized shares to serve as collateral. These developments represent a broader industry trend toward reimagining financial infrastructure, supported by major entities like the NYSE and NASDAQ. Ultimately, this evolution promises to reduce administrative costs and improve corporate governance, though it remains subject to ongoing regulatory scrutiny from the SEC.