Galaxy Digital shares started buying and selling on the Nasdaq inventory change Could 16, finishing a years-long course of that CEO Mike Novogratz referred to as unfair and infuriating, CNBC reported.
The crypto and infrastructure firm, which can be listed in Canada, opened buying and selling at $23.50 in its Nasdaq debut.
Buying and selling started on the identical day Galaxy disclosed that it’s working with the US Securities and Alternate Fee (SEC) to tokenize its shares. Based on Bloomberg, the tokens representing Galaxy Digital’s shares may very well be utilized in decentralized finance functions, like borrowing or lending.
Galaxy is amongst a number of crypto corporations trying to entry the US markets underneath a friendlier regulatory regime within the nation. Corporations which might be additionally exploring or engaged on a US itemizing embrace Metaplanet, Circle, Kraken, and Gemini. Buying and selling platform eToro accomplished a list on Could 14.
The corporate has $7 billion in property on its platform, in keeping with its web site. It suffered a lack of $295 million within the first quarter of 2025.
Actual-world asset (RWA) tokenization is gaining traction in crypto, although it nonetheless represents a small share of the market. Information from RWA.xyz reveals the sector’s market cap at $22.5 billion — a fraction of each world real-world asset values and main cryptocurrencies like Bitcoin (BTC). Nevertheless, it’s rising quick, with a 111.8% enhance over the previous 12 months.
One rising pattern is tokenizing securities, basically turning property like shares and treasury bonds into tradable tokens on the blockchain. Robinhood is contemplating constructing a blockchain that may enable retail traders in Europe to commerce tokenized US securities like shares. Galaxy Digital has plans to tokenize all the things from shares and glued revenue to ETFs.
On the SEC’s crypto roundtable on Could 12, Chair Paul Atkins in contrast the tokenization of property to the music business transferring from analog to digital, which, in keeping with Atkins, enormously benefited the American economic system.
The nearer relationships that US President Donald Trump has developed with the business have sparked new enthusiasm for crypto exercise within the nation. Along with the flurry of corporations making ready for a US public itemizing, another crypto corporations have introduced their reentry into the native market.
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