From Wall Street Stock to Solana Token
Key Highlights
• Galaxy Digital becomes the first Nasdaq-listed firm to tokenize SEC-registered equity directly on Solana.
• Stock jumps over 3% as investors eye blockchain-native equities with real legal ownership.
Yello Paradisers! What happens when a Nasdaq-listed company decides its shares belong on Solana as much as they do on Wall Street? You get Galaxy Digital, Mike Novogratz’s crypto financial empire, pulling off what could be a historic turning point: the first SEC-registered public company equity directly tokenized on a blockchain.
Partnering with Robert Leshner’s Superstate, Galaxy launched tokenized GLXY shares via the Opening Bell platform. Unlike wrapped or synthetic plays that merely mimic stock prices, these tokens represent actual Galaxy Class A shares, with legal ownership updated in real time by the official SEC-registered transfer agent.
As Novogratz put it, this is about fusing “the best of crypto, transparency, programmability, and composability, into the traditional world.”
Solana Gets the Spotlight
Tokenized GLXY shares are available to verified investors who complete KYC, with Galaxy disclosing its official Solana contract address to prevent fraud. Solscan shows over 32,000 tokenized shares already minted, with Wintermute holding the lion’s share.
Market reaction was immediate: GLXY stock jumped more than 3% at open, climbing past $25 as traders began pricing in what this could mean for the future of public equity. Meanwhile, Galaxy hinted at its next step, exploring compliant automated market maker (AMM) trading for tokenized shares, potentially rewriting liquidity access for equity markets.
Why This Matters
The big picture? If Galaxy’s model scales, it won’t just be GLXY stock that trades on-chain. Any public equity could, with instant settlement, on-chain transparency, and programmable compliance built into the rails. That’s not just “innovation”; it’s a full-blown systems upgrade for how Wall Street works.
This exact theme, how traditional finance is being reshaped by crypto-native rails, will be analyzed in our YouTube stream. And for those who want the next layer of analysis on what tokenized equities mean for liquidity, ETFs, and even DeFi crossover, MCP News Private ($3/month, literally less than bottled water at an airport) is where we’ll break it down in real time.
