Solana Users Can Now Borrow Against Galaxy Digital’s Stock

Galaxy Digital, a digital asset firm, has deepened its involvement in the Solana blockchain. Nearly seven months after launching the tokenized version of its common stock, GLXY, on the layer-1 network, it is now enabling collateralized lending for eligible users.

Following a partnership with the tokenization platform Superstate, Solana users can now secure stablecoin loans using tokenized GLXY as collateral on the Solana-based lending protocol Kamino Finance.

1/ Natively tokenized @galaxyhq shares are now available on @Kamino’s Superstate Market.

Eligible ex-US investors can bring shares onto @solana through Superstate and use them as collateral to borrow stables.

The real shares of a major public company have entered DeFi. pic.twitter.com/GextpqfC3q

— Superstate (@SuperstateInc) March 31, 2026

Galaxy Digital’s Stock Useable as Collateral

In September 2025, Galaxy Digital and Superstate jointly launched access to tokenized GLXY on Solana. The tokenized equity was registered under the United States Securities and Exchange Commission (SEC), ensuring regulatory compliance. The duo claimed this was the first time a Nasdaq-listed stock would be brought into a major blockchain.

With the new initiative, users can deposit their GLXY shares into Kamino’s Superstate Market. Like most crypto lending protocols, Kamino applies overcollateralized lending to the tokenized GLXY. This means that borrowers can secure loans while retaining full exposure to their equity assets. They also enjoy 24/7 access to capital markets.

Per the announcement, users can now borrow USDC and CASH against tokenized GLXY. The new service is not accessible to users in the U.S.

The announcement sparked a mild 4.55% increase for GLXY over the past 24 hours. According to Google Finance, the stock sold for $17.93 at the time of writing. This indicated that investors are bullish about the move.

Another factor that likely contributed to GLXY’s latest pump is Galaxy Digital’s incorporation of staking to its crypto subsidiary, GalaxyOne. It allows users to stake SOL and earn up to 6.5% staking reward with no platform commission until the year ends.

Not the First

Before Galaxy Digital, Superstate had brought Forward Industries (FWDI), a publicly-traded Solana treasury company, into Kamino’s Superstate Market.

In December 2025, Forward Industries’ FWDI became usable as collateral on Kamino. Like Galaxy Digital’s stock, U.S. users cannot secure collateralized loans with tokenized FWDI.

The post Solana Users Can Now Borrow Against Galaxy Digital’s Stock appeared first on CoinTab News.