Galaxy Digital lists on Nasdaq, seeks to tokenize shares — Reports
Galaxy Digital shares began trading on Nasdaq on May 16, opening at $23.50. The company is collaborating with the SEC to tokenize its shares for use in decentralized finance applications. Galaxy Digital, which has $7 billion in assets, reported a loss of $295 million in Q1 2025. The real-world asset (RWA) tokenization market is growing, with a market cap of $22.5 billion, reflecting a 111.8% increase over the past year. Tokenizing securities is a rising trend, with companies like Robinhood exploring blockchain solutions for trading tokenized US securities. SEC Chair Paul Atkins likened asset tokenization to the music industry's shift from analog to digital. Increased enthusiasm for crypto in the US is attributed to closer ties between the industry and political figures.
