Article Summary
Galaxy Digital, a crypto and infrastructure company, recently began trading on the Nasdaq stock exchange, following years of waiting. The company, which also has a listing in Canada, opened trading at $23.50 in its Nasdaq debut. Galaxy is also in talks with the US Securities and Exchange Commission (SEC) to tokenize its shares, which could be used in decentralized finance applications like borrowing or lending. The company has $7 billion in assets on its platform but suffered a loss of $295 million in the first quarter of 2025. Real-world asset (RWA) tokenization is gaining traction in crypto, with a market cap of $22.5 billion, which is growing fast.
What This Means for You
- If you are interested in investing in crypto infrastructure companies, you can now consider Galaxy Digital as an option on the Nasdaq exchange.
- The potential for tokenized shares and RWA could open up new investment opportunities and use cases for decentralized finance (DeFi).
- As more companies like Galaxy Digital explore US listings under a friendlier regulatory regime, the crypto space may see increased mainstream adoption and investment.
- Stay informed about the progress of Galaxy Digital’s talks with the SEC and their plans to tokenize stocks, fixed income, and ETFs, as this can impact the broader crypto and DeFi markets.
Original Post
Galaxy Digital shares began trading on the Nasdaq stock exchange May 16, completing a years-long process that CEO Mike Novogratz called unfair and infuriating, CNBC reported.
The crypto and infrastructure company, which is also listed in Canada, opened trading at $23.50 in its Nasdaq debut.
Trading began on the same day Galaxy disclosed that it is working with the US Securities and Exchange Commission (SEC) to tokenize its shares. According to Bloomberg, the tokens representing Galaxy Digital’s shares could be used in decentralized finance applications, like borrowing or lending.
Galaxy is among several crypto companies looking to access the US markets under a friendlier regulatory regime in the country. Companies that are also exploring or working on a US listing include Metaplanet, Circle, Kraken, and Gemini. Trading platform eToro completed a listing on May 14.
The company has $7 billion in assets on its platform, according to its website. It suffered a loss of $295 million in the first quarter of 2025.
Galaxy Digital’s last two quarters. Source:
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