A major milestone in digital finance has reached its next phase as Galaxy Digital (GLXY) stock gains new utility on the blockchain.
After becoming the first NASDAQ-listed company to tokenize its equity on a public network, Galaxy now allows shareholders to use those digital tokens as collateral in decentralized finance (DeFi).
Through a partnership with stock platform Superstate and lending marketplace Kamino, eligible investors can now put their shares to work without selling them.
This move is designed to close the gap between traditional brokerage accounts and the speed of the Solana blockchain.
Related: Tokenization Will Determine Whether Solana Can Close Valuation Gap With Ethereum, Analyst Says
Tokenized GLXY shares are now available on the Superstate Market on Kamino. Kamino is currently the largest lending marketplace on the Solana network, with over $2 billion in total value locked (TVL).
By putting their shares “on-chain,” eligible ex-U.S. investors can maximize the utility of their assets. Specifically, GLXY holders can now borrow stablecoins like USDC or CASH against their shares.
This allows them to access cash while maintaining their full exposure to the underlying shares.
This is not the first time Superstate and Kamino have integrated traditional stocks into digital lending markets.
In December, the two companies began a similar path for Forward Industries (FWDI). That project has seen significant traction, with roughly 8% of Forward’s total market cap now tokenized through the Superstate platform.
Currently, the Superstate Market on Kamino, which includes several digital collateral assets, has around $45 million in total value. For investors, the economic aspects 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 capital with digital financial systems.
Related: Solana Reaches Historic Milestone Against Ethereum on RWA Market
This story was originally published by TheStreet on April 1, 2026, where it first appeared in the MARKETS section. Add TheStreet as a preferred source by clicking here.