- Galaxy Digital, under Michael Novogratz’s leadership, listed on Nasdaq while planning share tokenization.
- Nasdaq debut supports Novogratz’s vision for blockchain’s role in finance.
- SEC explorations may lead to traditional securities utilizing blockchain.
Galaxy Digital has officially started trading on Nasdaq under the ticker GLXY, marking a pivotal moment for the firm led by Michael Novogratz.
Galaxy’s Nasdaq entry, alongside SEC discussions on tokenizing shares, may influence how traditional securities integrate with blockchain technology.
Galaxy Digital’s $25 Million Nasdaq Journey
Galaxy Digital, led by Michael Novogratz, has listed on Nasdaq, a key milestone after trading on the Toronto Stock Exchange since 2020. Novogratz notes a rigorous 1,320-day approval process with the SEC involving nine rounds of feedback and costing over $25 million. “The listing process was unfair and infuriating,” said Novogratz. “It took 1,320 days, required nine rounds of feedback with the SEC, and cost over $25 million.”
The Nasdaq listing on May 16, 2025, positions the company to explore new avenues. The SEC discussions, aimed at tokenizing shares, potentially redefine traditional securities’ role in decentralized finance.
Reactions to Galaxy’s move indicate increasing interest in bridging traditional markets with blockchain tech. Novogratz emphasizes the SEC’s supportive stance on cryptocurrency and tokenization, reflecting evolving regulatory perspectives.
Bitcoin Hits $103K as Galaxy Explores Tokenization
Did you know? Galaxy Digital’s Nasdaq listing and tokenization initiatives highlight a shift from traditional finance to decentralized solutions, underscoring significant regulatory adaptation.
Bitcoin (BTC) trades at $103,624.06, with a $2.06 trillion market cap, capturing 62.46% market dominance, as reported by CoinMarketCap. The trading volume reached $35.16 billion, though it declined by 19.56% over the last day. Recent 30-day gains stand at 22.46%.
Insights from Coincu’s research team suggest that Galaxy Digital’s tokenization strategy could prompt major financial and regulatory shifts. The successful integration of blockchain in traditional markets might prompt industry-wide transformations, merging equity markets with innovative blockchain applications.
Source: https://coincu.com/338239-galaxy-digital-nasdaq-tokenization/