Galaxy Digital, led by billionaire Mike Novogratz, has announced a significant achievement: it is the first Nasdaq company to tokenize its GLXY shares on the Solana blockchain.
Tokenization of Galaxy Digital Shares
Galaxy Digital has become the first on Nasdaq to tokenize its equity, which is now available on the Solana blockchain. This means shareholders can hold their GLXY shares in a digital format.
Partnership with Superstate
Galaxy Digital has partnered with Superstate, a fintech company working within capital markets. Now, shareholders can tokenize and hold their GLXY shares on Superstate’s platform, opening up new opportunities for investors.
Potential and Warnings
According to Galaxy Digital, tokenized GLXY shares provide 24/7 market availability and near-instant settlements. However, the company warns investors of fraudulent tokens that may be launched on other smart contracts.
The tokenization of Galaxy Digital's shares on the Solana platform could significantly change capital markets by providing investors with new asset management opportunities.
