A major milestone in digital finance has reached its next phase as Galaxy Digital (GLXY) shares gain new utility on the blockchain.
After becoming the first NASDAQ-listed company to tokenize its equity on a public network, Galaxy is now allowing shareholders to use those digital tokens as collateral in decentralized finance (DeFi).
Through a partnership with the equity platform Superstate and the lending market Kamino, eligible investors can now put their shares to work without selling them.
This move is designed to bridge the gap between traditional brokerage accounts and the speed of the Solana blockchain.
The tokenized GLXY shares are now available on the Superstate Market on Kamino. Kamino is currently the largest lending market on the Solana network, boasting over $2 billion in Total Value Locked (TVL).
By bringing their shares “onchain,” eligible ex-US investors can maximize the utility of their assets. Specifically, GLXY holders can now borrow stablecoins such as USDC or CASH against their shares.
This allows them to access cash while maintaining their full exposure to the underlying stock.
This is not the first time Superstate and Kamino have integrated traditional stocks into digital lending markets.
In December, the two firms launched a similar path for Forward Industries (FWDI). That project has seen significant traction, with approximately 8% of Forward’s total market cap now tokenized through the Superstate platform.
Currently, the Superstate Market on Kamino, which includes various digital collateral assets, holds about $45 million in total value. For investors, the economics of this digital bridge are notable:
Superstate is focusing on upgrading traditional securities through native tokenization. This launch provides a framework for other issuers to integrate public equity with digital financial systems.
Related: Solana reaches historic milestone against Ethereum in RWA market
This story was originally published by TheStreet on Apr 1, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
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