Galaxy Digital Plans Tokenized Trading for Nasdaq-Listed GLXY Shares

Galaxy Digital is actively exploring the tokenization of its Nasdaq-listed Class A common stock (GLXY) through a partnership with Superstate Services, a blockchain infrastructure provider and SEC-registered digital asset transfer agent. This initiative aims to enable on-chain trading of Galaxy's shares, potentially offering investors greater transparency, liquidity, and accessibility while bridging traditional equity markets with decentralized finance (DeFi) platforms. CEO Mike Novogratz envisions this move as part of a broader strategy to integrate traditional finance with blockchain technology, allowing activities like lending and secondary trading within DeFi ecosystems. Despite recent strong financial results, including a $30.7 million profit in Q2 2025, Galaxy acknowledges that the market for tokenized securities remains nascent and that there is no guarantee a liquid or stable market for tokenized GLXY will emerge. Superstate's Opening Bell platform, which facilitates SEC-compliant on-chain stock trading, will manage the digital transfer agency functions, including investor verification through KYC processes. Galaxy's efforts reflect a growing industry trend toward tokenizing real-world assets, with hopes that such innovations will drive a broader shift among public companies toward blockchain-based equity trading.