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- Galaxy Digital’s Nasdaq debut on May 16 marks a major milestone in its growth as a public company.
- The company collaborates with the SEC to tokenize shares, enabling integration into decentralized finance (DeFi).
- RWA tokenization sees rapid growth, with a 111.8% surge in value, opening new investment opportunities.
Galaxy Digital’s shares started trading on the Nasdaq Stock Exchange on May 16, advancing another milestone in the company’s growth. Galaxy Digital has gone through a lengthy and difficult journey to transition into a public company. Novogratz went through a challenging process, which finally resulted in a successful start as a publicly traded company. Traders welcomed Galaxy Digital’s public listing by driving its share price to $23.50 per unit.
Galaxy Digital’s Nasdaq listing represents a major step in the company’s plans for growth. The company announced it had partnered with the SEC to introduce its share tokenization on the blockchain. This next step allows Galaxy Digital’s shares to become a part of DeFi applications and unlock opportunities for various digital assets and transactions.
Galaxy Digital Leads Tokenization
Galaxy Digital is leading the way as more companies in the crypto space turn to tokenization. It follows companies such as Kraken, Circle, and Gemini in pursuing listings on U.S. exchanges. On May 14, eToro became the latest crypto company to successfully list on Nasdaq, demonstrating progress within the crypto space.
The company has nevertheless been confronted with difficulties in the market. As of the end of March 2025, the company’s assets totalled $7 billion, with the first quarter resulting in a loss of $295 million. It also shows how volatile and increasingly competitive the crypto market has become, as markets continue to experience frequent fluctuations.
Source: Galaxy Digital
The crypto industry is increasingly attracted to the idea of tokenizing traditional assets to create new forms of investment. RWA tokenization, while yet to reach significant scale, is growing rapidly. The sector of tokenized real-world assets surged 111.8% in value since the previous year, with a current worth of $22.5 billion. A key objective of this development is to create new ways to trade assets using blockchain technology, strengthening connections between cryptocurrency and the broader financial market.
Tokenizing Real-World Assets
The crypto investment firm Galaxy Digital has set its sights on using tokenization to convert various traditional assets such as stocks, bonds, and ETFs into digital tokens. Galaxy Digital is poised to lead the emerging trend of tokenizing real-world assets, pioneered by companies such as Robinhood, exploring the possibility of creating a blockchain platform for European traders to access U.S. securities as tokenized assets.
At the SEC’s recent crypto roundtable, Paul Atkins noted that the transformation of analog into digital music corresponded to the current transition of traditional assets into tokenized formats. He pointed out that this shift had produced significant economic value for the country. As the U.S. government provides increasing support, crypto companies like Galaxy Digital are emerging as major players in this fast-changing industry.
