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Galaxy Digital to Tokenize Its Shares on Solana

Galaxy Digital to Tokenize Its Shares on Solana

Investment firm Galaxy Digital has announced a partnership with Superstate to tokenize GLXY securities on Solana.

Shareholders now have the opportunity to tokenize Galaxy Digital securities through the Opening Bell platform. The converted GLXY will be available via AMM and other DeFi platforms only to verified investors. These assets can be stored in regular crypto wallets.

Mike Novogratz stated that his Galaxy Digital is the first Nasdaq-listed company to tokenize its own shares.

The New Ondo Platform

On September 3, the RWA project Ondo launched the Ondo Global Markets platform, enabling the issuance and redemption of tokenized stocks and ETFs on Ethereum around the clock. The platform is available to investors from the Asia-Pacific region, Europe, Africa, and Latin America.

The assets are backed by securities held by licensed U.S. brokers. They can be transferred across different blockchains using major wallets like Ledger, BitGo, and others.

At launch, Ondo Global Markets provides access to 100 tokenized stocks and exchange-traded funds. By the end of the year, it plans to expand support to 1,000 and integrate the platform into BNB Chain and Solana.

The RWA project team has dubbed the new initiative “Wall Street 2.0.”

Other RWA News

Binance-owned Trust Wallet has integrated support for tokenized stocks and ETFs, with implementation involving Ondo and the aggregator 1inch.

Source: Trust Wallet.

Hong Kong-based Fosun Wealth Holdings tokenized shares of the Israeli medical firm Sisram Medical on Solana, Ethereum, and Sonic using the Vaulta platform. The blockchain-issued securities are valued at $328 million.

Earlier in August, Coinbase announced the launch of trading in tokenized stocks.

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