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Superstate
Issuer-native registered share (GLXY Class A common stock)
Outstanding value$318k9.9%30 days
Market share<0.1%
In DeFi$0
Tokens1
Stocks1
Chains
Solana
Superstate's Opening Bell puts registered public shares onchain; the case the research covers is Galaxy's GLXY Class A common stock on Solana, with Equiniti and Superstate as dual transfer agents. The token is the registered share itself, so there is no wrapper or custodian, and burning a token returns the share to book entry. Holders move shares from their broker by DRS transfer and tokenize them to an allowlisted wallet.
- Issuing entity
- Galaxy (GLXY) via Superstate Opening Bell; Superstate co-transfer agent
- Backing
- None needed: the token is the share; burning returns it to book entry
- Custodian
- No custodian; transfer agents Equiniti and Superstate
- Launched
- GLXY mint created 8 Aug 2025 on Solana
- Who can buy
- Allowlisted wallets only
- Website
- superstate.com
Sources
- prnewswire.com/galaxy-and-superstate-launch-glxy-tokenized-public-shares-on-solana-302544834.html
- superstate.com/glxy
- docs.superstate.com/tokenized-equities.md
- docs.superstate.com/smart-contracts.md
- npmjs.com/allowlist
- sec.gov/galaxyxsuperstateoblaunchf.htm
- sg.finance.yahoo.com/solana-attracts-tokenized-equities-galaxy-172519525.html
- Sumcap research (3)
Outstanding value
By
 GLXY | GLXY | 79 | None | 0.0% | $318k100.0% | 3.6% |
1 to 1 of 1 tokens
Who holds it
Total$318k
- Wallets100.0%$318k
- Other contracts<0.1%$13
Where KYC applies
- OnboardingKYC
DRS transfer from broker to transfer agent, then the wallet is allowlisted
- Mint / redeemKYC
Minted to an allowlisted wallet in 2 to 3 business days; burn returns book entry
- Wallet transfersKYC
Token accounts start frozen and thaw only for allowlisted owners
- DEX tradingKYC
Jupiter RFQ and Meteora pools, allowlisted wallets only
- DeFi protocolsKYC
Kamino Opening Bell market (ex-US), allowlisted wallets; reserve near empty