Crypto financial services company Galaxy Digital (ticker GLXY) announced on September 3 the tokenization of its shares, with immediate effect shareholders can tokenize their GLXY shares through Superstate's Opening Bell platform. Galaxy said the tokenized shares are not derivatives or representations, but Galaxy Digital Class A common shares, with all the rights granted by them. Galaxy's tokenized shares will be open to KYC-certified investors, who can hold and transfer shares in their own crypto wallets. When an on-chain transfer occurs between verified participants, ownership records will be updated by Superstate, which will act as the official transfer agent. When the tokens change hands, Galaxy's list of registered shareholders is updated in real time. The contract address of Galaxy shares on Solana is 2HehXG149TXuVptQhbiWAWDjbbuCsXSAtLTB5wc2aajK.
Galaxy also said that as part of the SEC's "Project Crypto" innovation agenda, Galaxy and Superstate are exploring how to trade tokenized public shares through AMM in a manner that complies with regulatory requirements, subject to which Galaxy's tokenized shares may be listed on AMM and other DeFi platforms.
Galaxy: Galaxy's tokenized shares need to be updated in real time when KYC tokens change hands
2025-09-03 11:47:20
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