Mentioned:
Galaxy Digital has tokenized their stock. And they’re making Wall Street history in the process.
What’s happening:
- Galaxy Digital (NASDAQ: GLXY) has officially tokenized their stock on the Solana blockchain through a new partnership with Superstate
Why it matters:
- This is the first time ever that a publicly traded company in America has tokenized its stock onto the Solana blockchain in a way that is fully compliant with the regulations of the United States Securities and Exchange Commission
Going deeper:
- Galaxy Digital’s shares are now available on Superstate’s Opening Bell platform to be traded or held in self custody by any users who have completed identity verification with Superstate
- All trades and transfers of Galaxy Digital’s tokenized shares are being recorded by Superstate who is acting as a fully compliant, registered transfer agent
The fine print:
- Galaxy Digital’s tokenized shares are not yet available on any decentralized finance exchange or protocol and can only be held or traded within Superstate’s Opening Bell platform
