Galaxy Digital Seeks SEC Nod to Tokenize Shares as Nasdaq Trading Begins

Highlights:

• Galaxy Digital is in talks with the agency to tokenize its shares using its blockchain platform for wider DeFi use.
• Galaxy shares began trading on the Nasdaq after a long process that lasted over three years.
• The company aims to bring stocks and bonds onto blockchain to enable real-time access and trading.

Galaxy Digital is in discussions with the U.S. Securities and Exchange Commission to tokenize its shares using blockchain technology. In March, the company met with the SEC’s crypto task force to explore registering its stock on a blockchain network.

Galaxy aims to use its internal digital asset platform to issue tokenized shares that would allow for 24/7 trading and broader participation in decentralized finance applications. The company believes tokenization may address barriers to access, accelerate payments, and streamline asset transfers across different systems.

JUST IN: Galaxy Digital is in talks with the SEC to tokenize its own stock and other equities—aiming to bring traditional shares onto the blockchain as digital tokens, boosting DeFi integration, liquidity, and investor access. $GLXY 🚀📈 #CryptoNews pic.twitter.com/kkDSNHq4xN

— CryptoMarketControl (@CryptoMarketCon) May 16, 2025

According to Galaxy’s founder, tokenization is on the verge of being deployed in practical applications. He pointed out that tokenized networks can build more transparent and accessible systems. Tokenizing its shares allows Galaxy to combine traditional assets with decentralized finance services.

Blockchain technology allows the conversion of tangible or financial assets into classes of digital tokens. These digital tokens can be employed in numerous projects built on blockchain technology. Galaxy executed its first tokenization of a real asset by converting an antique Stradivarius violin into a digital asset to obtain a loan. The tokenization of the Stradivarius made it clear that physical assets can be turned into digital tokens to be used in financial transactions over a blockchain.

Galaxy Digital’s Nasdaq Listing Marks Strategic Shift After Delays

Galaxy Digital debuted on the Nasdaq today. The company is trading under the ticker GLXY. It shifted to the U.S. through a direct listing, which took several years to complete. The transition involved delays and required large financial resources to meet U.S. market standards.

The bell has rung. The trade has cleared. Galaxy is now listed on Nasdaq. $GLXY pic.twitter.com/XLv8tyQ7Ne

— Galaxy (@galaxyhq) May 16, 2025

According to Novogratz, the Nasdaq listing followed four years of effort and over $25 million in costs. Galaxy completed nine rounds of feedback with the SEC during the process. He said that only well-funded and stable companies could endure such a long wait.

The company believes listing in the U.S. brings better visibility and access to a broader investor base. Novogratz stated that Galaxy’s exposure in Canada was only a small fraction of what it can now reach in the U.S. He also explained that Galaxy is now a blend of two main businesses—crypto and artificial intelligence. These sectors are central to the company’s future growth plans and strategic direction.

Broader Tokenization Vision Expands to Real-World Assets

Besides tokenizing its own stock, Galaxy Digital wants to bring other financial instruments onto blockchain networks. These include assets like bonds, funds, and equities. The goal is to enable continuous trading, increased transparency, and better liquidity. Novogratz said the adoption of tokenized assets is happening across the U.S. and globally.

Other firms, such as Coinbase and Kraken, are also exploring tokenized securities. The SEC recently hosted a tokenization roundtable, where experts compared the shift to digital transformation in media formats. Success in this area depends on strong technology, active market involvement, and clear operational frameworks. Galaxy’s early efforts show how traditional finance can begin moving onto blockchain networks.