Thomas from Galaxy shares insights on tokenizing traditional equity, the on-chain stock structure, and the regulatory considerations shaping institutional adoption. He explains how tokenized shares on the Solana network differ from SPV models, the practical steps for onboarding and transfer, and the roadmap toward broader trading and DeFi integration. The talk highlights the collaboration with Superstate as an on-chain transfer agent, governance of on-chain vs. off-chain records, and how Galaxy envisions a compliant path for TradFi to embrace tokenization.
5 Key Takeaways:
- Tokenization of equity: removing intermediaries by making the share itself on-chain.
- On-chain vs off-chain: how on-chain shares are registered and reported to ensure transparency.
- Step-by-step onboarding: from broker transfer to whitelisted wallets, to eventual trading on permissioned DEXes.
- Regulatory-first approach: balancing innovation with compliance to scale responsibly.
- Future roadmap: moving from restricted transferability to broader market access and AMM trading.
Timestamps:
0:00 Introduction and context
0:25 Thomas’ background and Galaxy
1:20 Why tokenize stock now
2:40 The on-chain share model vs SPVs
4:10 Partnership with Superstate and Solana integration
5:50 Tokenization process (onboarding, KYCs, and whitelisting)
7:10 Current limitations and future steps (permissioned trading)
8:40 Regulatory considerations and governance
9:45 Q&A highlights and closing remarks
This session is part of the Tokenization Season, Europe’s leading event series on institutional tokenization and DeFi integration for traditional finance.
Watch, read and participate in our events here:
https://www.w3.vision/
Get in touch:
Thomas Cowan: https://www.linkedin.com/in/thomas-c-cowan/
Hosts:
Vicktoria Klich: https://www.linkedin.com/in/vicktoriaklich/
Maximilian Vargas: https://www.linkedin.com/in/maximilian-vargas/
