Galaxy Digital’s Wild Plan: Tokenizing Stocks to Redefine Wall Street!
Galaxy Digital aims to tokenize its Nasdaq shares with SEC talks! Will this fuse crypto and stocks? Uncover the future now!
On May 16, 2025, Galaxy Digital, the crypto and AI investment firm led by Mike Novogratz, made headlines with its Nasdaq debut under the ticker GLXY, closing at $23.50 after a 15% surge. But the real bombshell came from Novogratz’s Bloomberg interview: Galaxy is in talks with the SEC to tokenize its own shares, turning them into blockchain-based digital assets. This move, discussed with the SEC’s Crypto Task Force in March, could let Galaxy’s stock be traded, lent, or used in DeFi applications, blending traditional finance with crypto’s speed and accessibility.
Why is this groundbreaking? Tokenization could make stock trading 24/7, cut settlement times, and open markets to smaller investors. Galaxy’s prior success—tokenizing a 316-year-old Stradivarius violin for a loan—shows it’s no pipe dream. Posts on X buzz with excitement, seeing this as a step toward mainstream DeFi integration. With Bitcoin at $105,000 and Coinbase in the S&P 500, crypto’s Wall Street takeover feels closer than ever.
But risks loom. The SEC’s slow pace—Galaxy’s Nasdaq listing took 1,320 days and $25 million—suggests regulatory hurdles. A Q1 $295 million loss also highlights crypto’s volatility. For beginners, this signals crypto’s growing clout but demands caution as rules evolve.
Will Galaxy redefine finance? Share your thoughts below! Follow trafy.io for more crypto insights.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
