Galaxy Digital to Launch Tokenized Money-Market Fund on Blockchains
Galaxy Digital just dropped a bombshell—tokenizing traditional finance is no longer theoretical.
The Mike Novogratz-led firm announced plans to launch a blockchain-based money-market fund, bridging the gap between crypto efficiency and institutional-grade yield products.
Why This Matters
Tokenization cuts settlement times from days to seconds, bypasses legacy intermediaries, and opens 24/7 liquidity. It's not just about digitizing assets—it's about rebuilding financial infrastructure from the ground up.
Institutional Adoption Accelerates
With BlackRock, Fidelity, and now Galaxy pushing tokenized products, Wall Street's embrace of blockchain isn't just inevitable—it's already here. Traditional finance finally discovered Ctrl+C, Ctrl-V, but for value.
One cynical take? Banks spent decades building moats—blockchains just showed up with submarines.
Expansion Through Tokenization
Besides its tokenized fund, Galaxy has deepened its involvement in Solana. On Sunday, it purchased $306 million worth of solana tokens in a single day, as per Lookonchain.
Galaxy Digital bought another 1.2M $SOL($306M) in the past 24 hours.
Their total buys over the past 5 days have now reached ~6.5M $SOL($1.55B).https://t.co/f4FXOfK0vJ pic.twitter.com/NQ9da23mzm
The firm acquired 1.2 million SOL from various exchanges and secured them with Fireblocks. Consequently, this adds to a buying spree that surpassed $1.5 billion in recent days.
Additionally, Galaxy announced joining forces with Multicoin Capital and Jump Crypto to invest in Forward Industries. The company, once focused on medical devices, has now switched Solana treasuries raising $1.65 billion.
Galaxy is also exploring how tokenized funds and treasury investments can transform digital finance. Plus, their capability to provide instant liquidity across various blockchains could shake things up for traditional financial players.
Galaxy is placing its bets on tokenization and accumulating Solana to spearhead institutional crypto adoption, showing its belief in blockchain technology.
Also Read:
