Overview
- Shares of GLXY can now be issued and held as Solana-based tokens via Superstate’s Opening Bell platform by KYC-approved investors.
- Each on-chain transfer updates Galaxy’s official shareholder registry instantly through Superstate’s role as SEC-registered transfer agent.
- Initial uptake is modest, with 21 investors tokenizing 32,374 shares reported after launch.
- Galaxy and Superstate are engaging U.S. regulators, including participation in SEC Project Crypto, to develop compliant trading models such as AMMs in DeFi subject to approval.
- The firms tout near-instant settlement and 24/7 availability as key benefits, while Galaxy Research projects tokenized equities could reach as much as $190 trillion over 20 years.