Galaxy Digital in Talks with SEC to Tokenize Shares on Blockchain

Galaxy Digital Holdings Ltd. is negotiating with the U.S. Securities and Exchange Commission to tokenize its shares using its proprietary digital asset platform. The move WOULD enable its stock to participate in decentralized finance protocols for trading and lending.

Founder Mike Novogratz revealed the firm met with the SEC’s crypto task force in March, signaling tokenization may be ’really close’ to mainstream adoption. The discussions coincide with Galaxy’s Nasdaq debut this Friday, expanding its investor base beyond Canadian markets.

With $7 billion in assets under management, Galaxy’s blockchain ambitions reflect growing institutional interest in tokenized traditional assets. The initiative could establish a blueprint for other equities seeking blockchain integration.