Galaxy plans to issue the GLXY tokenized stock and collaborate with the real asset platform Superstate.
On August 5, Galaxy announced plans to issue a Token representing shares with the symbol GLXY, while also signing a cooperation agreement with Superstate – a platform specializing in real assets founded by Robert Leshner.
MAIN CONTENT
Galaxy announces the issuance of the GLXY digital stock.
Galaxy signs a cooperation agreement with Superstate.
Superstate is run by Robert Leshner, a well-known founder in the financial sector.
What is Galaxy and what is the goal of issuing the GLXY Token?
Galaxy is preparing to launch the digital stock GLXY to represent ownership rights on the digital platform. This helps to broaden the reach to investors and create more transparent trading based on Blockchain technology.
The issuance of the GLXY Token reflects the trend of converting traditional assets into digital form (tokenization), helping to enhance liquidity and reduce transaction costs.
What is the Superstate platform and what role does it play in the agreement with Galaxy?
Superstate is a real asset (RWA) platform founded by Robert Leshner, specializing in converting physical or traditional assets into digital assets on the Blockchain. This collaboration allows Galaxy to leverage Superstate's existing expertise and infrastructure.
Through the agreement, Galaxy not only issues Tokens but also ensures a close connection with real assets, providing reliability and transparency for investors in the rapidly evolving cryptocurrency environment.
Galaxy is leading the way in digitizing stocks through collaboration with top platforms to ensure legality and transparency.
Robert Leshner, Founder of Superstate, 2024
How does stock tokenization affect the cryptocurrency market?
Tokenizing stocks helps connect traditional and cryptocurrency markets, opening up more flexible investment opportunities for both institutions and individual investors. It is also an important step for real assets to appear on the Blockchain legally and transparently.
This development contributes to enhancing liquidity in the digital asset market, reducing costs, and increasing trading efficiency, especially as large financial institutions show increasing interest in the tokenization ecosystem.
Frequently Asked Questions
What is the GLXY Token?
GLXY is a Token representing Galaxy shares, issued on the Blockchain platform, facilitating more transparent and efficient trading.
What role does Superstate play in this project?
Superstate provides the platform and technology to support the conversion of real assets into Tokens to ensure transparency and legality for GLXY.
What are the benefits of tokenizing stocks?
Tokenizing stocks increases liquidity, reduces transaction costs, and enhances access for global investors.
Who is Robert Leshner?
Robert Leshner is the founder of Superstate and a reputable expert in digital finance and digital real assets.
Where can the GLXY Token be bought and sold?
Details about the exchange will be announced by Galaxy when the project is complete.
Source: https://tintucbitcoin.com/galaxy-ra-mat-token-co-phieu-glxy/
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