Galaxy Digital Discusses Tokenized Stocks with SEC – Coincu

Galaxy Digital Holdings Ltd. reportedly entered discussions with the U.S. SEC on May 16 concerning tokenizing its stocks using blockchain.

The engagement could pave the way for enhanced decentralized finance (DeFi) applications, reflecting a strategic shift for Galaxy Digital.

Galaxy Digital Explores Blockchain Stock Registration

Galaxy Digital Holdings Ltd. is said to have met with the U.S. Securities and Exchange Commission to explore the potential of registering its stocks on the blockchain. This action aligns with Galaxy’s intention to utilize its digital asset platform for converting stocks into tokens that could be applied in decentralized finance environments.

The Nasdaq listing follows the company’s reorganization from the Cayman Islands to Delaware. This completion marks Galaxy’s ambition to advance its foothold in the digital asset space. Many believe this transition may offer broader DeFi access and scalability for various financial products.

“This marks an important milestone for Galaxy, as we take a significant step toward advancing our mission of driving innovation and growth across digital assets and artificial intelligence infrastructure.” — Mike Novogratz, CEO and Founder, Galaxy Digital Holdings Ltd.

Bitcoin Soars and Market Evaluations Surge

Did you know? Tokenization of stocks and assets could transform traditional trading, easing integrations into the decentralized finance landscape and expanding market participation.

Bitcoin (BTC) surged to $103,606.90 on May 16, 2025, with a market cap surpassing $2.06 trillion, as reported by CoinMarketCap. Its 24-hour trading volume topped $49.17 billion, showing a 2.05% price increase. Bitcoin also experienced a 30-day growth of 22.45%.

The Coincu research team posits that Galaxy’s strategy to tokenize its stocks might influence future digital asset adoption trends. Such innovation could reshape financial markets by increasing liquidity options.