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Galaxy Digital has tokenized stocks on Solana, taking a key step in RWA [Real World Asset] integration.
BlockBeats News, September 3, Nasdaq-listed crypto company Galaxy Digital launched a plan to "tokenize its SEC-registered stock and deploy it on a mainstream blockchain." Starting today, shareholders can tokenize GLXY stock through Superstate's Opening Bell platform.
The announcement stated that Galaxy's tokenized stock and future listings on Opening Bell may provide broader liquidity and utility through automated market makers (AMMs) and other DeFi platforms. Galaxy's tokenized stock will only be available to KYC-verified accredited investors, who can hold and transfer these tokens in their own crypto wallets.
In May this year, Superstate launched Opening Bell, aiming to bring SEC-registered stocks on-chain, starting with Solana. While several projects have attempted to integrate publicly traded stocks with blockchain infrastructure, Opening Bell claims to be the first platform to offer SEC-registered public stock direct issuance and on-chain trading, rather than synthetic or wrapped versions.
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