Galaxy Digital, the Mike Novoghatz investment company, which was established by the Mike Novoghatz, has set its shares a code circulating for the public, as it placed shares for use in decentralized financing (Defi) with the growth of the institutional interest in the distinctive symbol.
The company said on Wednesday that its shared shares of category A, listed on both Nasdaq and Toronto’s exchange under the title GLXY, can now be symbolic and broken on Solana Blockchain through the Superstate opening bell, a platform for the symbol of public companies. SUPERSTATE, the Fintech company, will operate as a SEC registered transfer worker.
Unlike artificial products or derivatives, the initiative includes the actual category A for Galaxy. The trades that were implemented on Bell Bell create an immediate ownership record.
Galaxy went for the first time on the Toronto Stock Exchange in 2018 and I expanded to the chosen global nasdaq market Earlier this year. The company now holds the market value of about 9 billion dollars.
Galaxy shares join dozens of other shares already available in symbolic form. The XSTOCKS platform supported by the Finance, for example, it has Code more than 60 public companies On Solana, BNB and TON series. Some of the largest names include the distinctive symbol Netflix, Meta and Nvidia, with trading assets on stock exchanges such as KAKEN and Bybit, as well as Solana decentralized stock exchanges.
On Tuesday, XSTOCKS announced that its distinctive stock offers Available now on Ethereum.
Related to: Investors can misunderstand the distinctive shares: European Union markets
The direction of the distinctive symbol RWA expands to the stocks
The distinctive symbol accelerated sharply in 2025, with The market expansion by 380 % since 2022. A large part of the early momentum was concentrated on private credit and US Treasury bonds, as it made attractive revenues and institutional demand in particular the distinctive symbol.
Other assets classes such as money real estate and market funds also appeared prominent, as investors have sought to obtain onchain access to non -liquid products that carry traditional return.
Now, the trend gradually extends to public stocks. Industry data shows that the total value of the distinctive shares amounted to about 341 million dollars.
However, some industrial monitors raised concerns about the distinctive stocks, on the pretext that the products It is still working in an organizational gray area.
“It is very important to understand that investors do not have actual shares; they keep the symbols issued by intermediaries, which may lead to payment if the basic shares of value increases or sold,” said John Morillo, chief official of Fintech B2Broker, for Cointegraph.
Related to: Kaken met with the Crypto SEC work band to discuss the distinctive symbol
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