Galaxy Digital shares started buying and selling on the Nasdaq inventory trade Might 16, finishing a years-long course of that CEO Mike Novogratz known as unfair and infuriating, CNBC reported.
The crypto and infrastructure firm, which can also 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. In line with 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 firms seeking to entry the US markets underneath a friendlier regulatory regime within the nation. Corporations which are additionally exploring or engaged on a US itemizing embrace Metaplanet, Circle, Kraken, and Gemini. Buying and selling platform eToro accomplished a list on Might 14.
The corporate has $7 billion in belongings on its platform, in line 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. Knowledge from RWA.xyz exhibits 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% improve over the previous yr.
One rising development is tokenizing securities, basically turning belongings like shares and treasury bonds into tradable tokens on the blockchain. Robinhood is contemplating constructing a blockchain that might permit retail traders in Europe to commerce tokenized US securities like shares. Galaxy Digital has plans to tokenize all the pieces from shares and glued revenue to ETFs.
On the SEC’s crypto roundtable on Might 12, Chair Paul Atkins in contrast the tokenization of belongings to the music trade transferring from analog to digital, which, in line with Atkins, enormously benefited the American financial system.
The nearer relationships that US President Donald Trump has developed with the trade have sparked new enthusiasm for crypto exercise within the nation. Along with the flurry of firms getting ready for a US public itemizing, another crypto firms have introduced their reentry into the native market.
Journal: X Corridor of Flame: Bitcoin will ‘begin ripping’ as Trump’s polls enhance — Felix Hartmann
