Galaxy Digital, the cryptocurrency investment firm founded by Mike Novograph, has touched its shares that are quoted in the stock market, positioning the actions for use within the decentralized finances (Defi) as the institutional interest in the tokenization grows.
The company said on Wednesday that its common class A actions, which are both in Nasdaq and in the Toronto Stock Exchange under the Ticker Glyy, can now be token and fraction in the Solana block chain through the Superstate Opening Campana, a platform to tokenize public companies. Superstate, a Fintech firm, will act as the transfer agent recorded in the SEC.
Unlike synthetic products or derivatives, the initiative implies the token of real Galaxy class A actions. The trades executed at the Bell opening will generate an instant registration of property owned.
Galaxy was made public for the first time in the Toronto Stock Exchange in 2018 and expanded to the Nasdaq Global Select market earlier this year. The company now has a market capitalization of almost $ 9 billion.
Galaxy’s actions join dozens of other actions already available in a tokenized way. The Xstocks Finance platform supported, for example, has touched more than 60 public companies in Solana, BNB Chain and Tron. Some of the most important names include tokenized Netflix, goal platforms and NVIDIA, with negotiable assets in exchanges such as Kraken and Bybit, as well as decentralized exchanges based on Solana.
On Tuesday, Xstocks announced that its tokenized capital offers are now available in Ethereum.
Related: Investors could misunderstand the tokenized shares: the surveillance of the EU markets
RWA’s tokenization trend expands to actions
Tokenization has accelerated sharply in 2025, with the market expanding 380% since 2022. Much of the early impulse has concentrated on the private credit and the United States Treasury bonds, where attractive yields and institutional demand have made tokenization especially convincing.
Other classes of assets such as real estate and money markets have also appeared prominently, since investors sought access to the chain to traditionally illegid products or that support the performance.
Now, the trend gradually extends to public actions. Industry data shows that the total value of tokenized shares has reached around $ 341 million.
However, some industry observers have expressed concerns about tokenized actions, arguing that the products still operate in a regulatory gray area.
“It is crucial to understand that investors do not have real actions; they have tokens issued through intermediaries, which can entitle payments if the underlying actions increase in value or are sold,” said John Murillo, commercial director of Fintech Firm B2broker, to Cointelegraph.
Related: Kraken met with the Crypto task force of S to discuss tokenization
