Galaxy Digital officially listed on NASDAQ! Founder shouts: The era of tokenization is about to arrive.

robot
Abstract generation in progress

Michael Novogratz, founder and CEO of digital asset manager Galaxy Digital Holdings, recently said that the company is in active discussions with the U.S. Securities and Exchange Commission (SEC) to use its digital asset platform to tokenize the company's own stock and other securities, according to Bloomberg. (Synopsis: JPMorgan Chase completed transactions on the public chain "for the first time", cooperated with Ondo and Chainlink to settle tokenized assets, and accelerated the integration of DeFi) (Background supplement: CEO of Galaxy Digital: There will be a "wave of listing of cryptocurrency companies" in May and June this year!) Bitcoin will enter the US government reserve within half a year) According to Bloomberg, Michael Novogratz, founder and CEO of digital asset management company Galaxy Digital Holdings, recently said that the company is in active discussions with the U.S. Securities and Exchange Commission (SEC) to use its digital asset platform to tokenize the company's own shares and other securities. Michael Novogratz: The tokenization boom is about to be fully launched According to reports, Galaxy Digital's plan was launched as early as March this year. At that time, Galaxy Digital met with the SEC's cryptocurrency project team to discuss the feasibility of registering the company's shares on the blockchain. Galaxy Digital's core idea is to convert its stakes into digital tokens that can be applied to decentralized finance (DeFi) scenarios such as lending and trading. The company further plans to extend the technology to other equities, fixed income products and exchange-traded funds (ETFs) in the future, allowing investors in traditional U.S. securities to participate in the tokenized asset market. In this regard, Michael Novogratz said in an interview: Tokenization has not yet officially begun, and I am not sure when it will be fully launched, but I feel that this moment is close at hand. We are working closely with the SEC to drive equity tokenization. They recognize the potential of cryptocurrencies and believe in the power of tokenized networks and this technology. I think people have to rethink the possibilities of the future. It is worth mentioning that Galaxy Digital, which was previously only listed on the Canadian market, will also be officially listed on the NASDAQ under the stock symbol GLXY on Friday, and Michael Novogratz is optimistic: "We will ring the NASDAQ opening bell on Friday, which is the beginning of a new chapter, not the end." SEC Chairman: Tokenization is Revolutionary At the same time, to accelerate the tokenization process, the SEC Cryptocurrency Project Team recently held a tokenization roundtable. During the conference, SEC Chairman Paul Atkins directly praised the power of tokenization, likening the transformation of tokenized securities to "the revolutionary change from analog vinyl to cassette to digital software decades ago." At present, the tokenization market is indeed setting off a boom, such as: JPMorgan Chase recently completed the settlement transaction of tokenized assets through the public blockchain for the first time; BlackRock launched its first tokenized fund "BUIDL" (BlackRock USD Institutional Digital Liquidity Fund) last year, which aims to tokenize financial assets, achieve a unique identification code for each stock and bond, and record transactions on a unified ledger. This year, Goldman Sachs announced the expansion of digital asset trading and real-world asset (RWA) tokenization, exploring crypto lending businesses and building tokenization infrastructure. Related reports Galaxy Digital transferred $100 million BTC to the exchange, selling or hedging? Is there still a chance for new highs When will Bitcoin surpass gold? CEO of Galaxy Digital: 5~8 years will witness history Tokenized U.S. Treasury market value "exceeded $5 billion" demand exploded this month, who is the current leader of RWA? 〈Galaxy Digital officially landed on NASDAQ! The founder shouted: the era of tokenization is coming" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments