Galaxy Digital plans to tokenize its shares and has started discussions with the SEC

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PANews
05-16
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PANews reported on May 16 that according to Bloomberg, Galaxy Digital Holdings Ltd. is negotiating with the U.S. Securities and Exchange Commission (SEC) to tokenize its stocks and other securities. The company plans to use its digital asset platform to convert its stocks into tokens usable for DeFi applications, and hopes to extend this technology to other stocks, fixed-income products, and exchange-traded funds (ETFs) in the future. Galaxy has met with the SEC's cryptocurrency special working group in March to discuss the possibility of registering its stocks on the blockchain. The company currently manages approximately $7 billion in assets and was officially listed on Nasdaq today.

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