TL;DR
- Galaxy Digital is in talks with the SEC to tokenize its own shares and other financial assets like bonds and ETFs.
- The company, led by billionaire Michael Novogratz, is now trading on Nasdaq after its Canadian debut, reinforcing its global presence.
- This move represents a major step in bringing real-world assets into the crypto ecosystem, with the potential to revolutionize traditional finance through blockchain technology.
Galaxy Digital Holdings Ltd., under the leadership of renowned investor Michael Novogratz, has initiated a strategic process to tokenize its shares, including its own stock, in an effort to integrate traditional financial assets into the decentralized finance (DeFi) ecosystem. Actively engaging with the U.S. Securities and Exchange Commission (SEC), the firm is seeking to register its stock directly on a secure and transparent blockchain network. This would allow these tokenized equities to be used in various decentralized operations such as 24/7 trading, lending, and more, from a more accessible and efficient infrastructure.
This initiative comes as the crypto market has begun to recover after a period of consolidation. Galaxy Digital, managing over $7 billion in assets, recently made its debut on Nasdaq, marking not only an institutional milestone but also reflecting the growing interest in companies that effectively merge traditional finance with cutting-edge blockchain technology.
Tokenization: The Silent Revolution of Financial Markets
Although still in its early stages, the tokenization of assets is poised to transform financial markets, much like the digitalization of music changed the industry decades ago. According to data from “rwa.xyz”, there are currently only around $22.5 billion in real-world assets tokenized on public blockchains, a number that could grow rapidly if regulators like the SEC approve more initiatives. Interest in this space is rising: money market funds like BlackRock’s BUIDL are already being tokenized, and exchanges such as Coinbase and Kraken are actively exploring this competitive and emerging frontier.
Galaxy Digital has already proven its capacity to tokenize valuable real-world assets, having previously turned a 316-year-old Stradivarius violin once owned by Catherine the Great into a digital loan guarantee. This disruptive vision points toward a future in which any financial asset—from stocks to bonds to ETFs—can exist on a blockchain, enabling global liquidity, real-time transparency, and unrestricted trading hours.
In Novogratz’s words:
“Adoption is happening in the U.S. and all over the world. This is the beginning, not the end.”
With its Nasdaq listing and ambitious focus on tokenization, Galaxy Digital is positioning itself as one of the most visionary players at the intersection of Wall Street and the crypto universe.
