Galaxy Digital, in partnership with Superstate, has introduced blockchain-based equity tokens representing the company’s real capital.
Superstate's Opening Bell Platform
Founded last year, Superstate has developed a platform called Opening Bell, designed to bridge the gap between regulated securities and blockchain markets. Unlike synthetic stock tokens used in the past, these Solana-issued shares represent real Galaxy Digital equity, complete with full shareholder rights. Each transaction updates the company’s official registry in real time, offering instant settlement and compliance.
Galaxy's Goals in Tokenization
CEO Mike Novogratz stated that the goal is to prove that equity can work natively on-chain while maintaining regulatory integrity. He argues that tokenized stock brings features crypto investors take for granted—such as transparency, programmability, and 24/7 transferability—into mainstream finance. Superstate’s role as an SEC-registered transfer agent ensures that every movement of these tokens is legally recognized ownership.
The Future of Financial Markets
Superstate CEO Robert Leshner called the project a sign of 'financial markets undergoing a massive upgrade,' highlighting that it’s the first time public company equity has been updated instantly on a blockchain. Galaxy, which listed on Nasdaq in May under the ticker GLXY, hinted at tokenization plans earlier this year. The firm and Superstate are now exploring how automated market makers could eventually provide liquidity for tokenized public stocks.
This experiment may set a precedent: Wall Street shares can exist fully on-chain, and the technology is ready to scale.
