Galaxy Digital Explores Tokenization of Shares in Talks with SEC
Michael Novogratz’s Galaxy Digital Holdings is engaging with the U.S. Securities and Exchange Commission to explore tokenizing its publicly traded shares. The crypto-focused financial firm aims to leverage blockchain technology for equity representation, though regulatory clarity remains a hurdle.
The initiative could position Galaxy’s trading platform as a pioneer in compliant security tokenization. Institutional adoption hinges on formal SEC guidance—current informal tokenization lacks the framework needed for widespread trust.