Galaxy issues shares on Solana, sees tokenized stocks hitting $190 trillion in 20 years

CryptoSlate
CryptoSlate
SOL+0.90%
UNI+1.65%

The market for tokenized equities could expand to nearly $190 trillion within the next 20 years, according to new projections from Galaxy Research.

Galaxy made this projection after it became one of the first public companies to tokenize its stock on the Solana blockchain via Superstate, which specializes in compliant tokenization infrastructure.

Speaking on the move, Alex Thorn, Galaxy’s Head of Research, said:

“Onchain GLXY is real Galaxy Class A Common Stock. If you hold the token, you own common equity in galaxy, the same as if you bought our stock through in your traditional brokerage account. no publicly traded company has ever done this before in the US.”

As of press time, 32,374 Galaxy Class A shares had been issued on Solana, held by 21 token holders, according to Dune Analytics data.

According to the firm, this move illustrates its conviction that tokenization is viable and a potential blueprint for how listed...

Visit source
1.24K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.