Galaxy Digital is looking to expand its reach to the on-chain community by tokenizing its stock, GLXY. This is being done through a partnership with Robert Leshner’s firm, Superstate. According to a recent filing, Galaxy has a digital transfer agency agreement with Superstate, which will act as the digital asset transfer agent. Superstate will manage an “allowlist” of approved wallets for trading the tokenized GLXY.
This move comes as tokenized real-world assets (RWAs) are gaining significant traction. The U.S. Securities and Exchange Commission (SEC) has also shown support for moving traditional finance markets on-chain with a new policy called “Project Crypto.” SEC Chair Paul Atkins noted that many firms are interested in tokenization and that the Commission is working with them to ensure Americans aren’t left behind in this new wave of financial technology.
Galaxy Digital, led by CEO Mike Novogratz, is a major player in the crypto space with $9 billion in assets under management. The company recently reported an adjusted gross profit of $299 million in its Q2 earnings. Superstate, founded by Leshner of Compound Finance, is a key player in the tokenized stock market and recently launched its own on-chain version of the SOL Strategies stock.
August 2025, Cryptoniteuae
