Galaxy Digital Enters Nasdaq With Eyes on On-Chain Finance
After years of waiting, crypto firm Galaxy Digital has made its Nasdaq debut—signaling a new chapter for the company as it deepens its presence in U.S. markets.
Trading began at $23.50 on May 16, marking a symbolic and strategic shift for the firm led by Mike Novogratz.
The listing wasn’t the only move making headlines. Galaxy also revealed it’s working with U.S. regulators on an initiative to tokenize its shares, paving the way for integration into decentralized finance. If successful, Galaxy stock could be used in blockchain-based borrowing and lending systems—an early experiment in blending traditional equity with Web3 infrastructure.
While real-world asset (RWA) tokenization still represents a modest slice of the market, interest is growing fast. The RWA sector has more than doubled in size over the past year, and industry leaders like Galaxy want to be at the forefront as securities like stocks and bonds move toward blockchain representation.
Galaxy isn’t alone in eyeing U.S. expansion. Other major crypto players—Circle, Gemini, Kraken, and Metaplanet—are all preparing for or considering public listings. eToro completed its U.S. debut just two days before Galaxy.
Despite a first-quarter loss of $295 million, Galaxy manages around $7 billion in assets and continues to bet heavily on the convergence of crypto and traditional finance. That vision aligns with recent remarks from SEC officials, who compared tokenization to the digital transformation of the music industry—once disruptive, now standard.
As Washington’s stance on crypto warms and blockchain companies return to the U.S. stage, Galaxy’s move is both timely and symbolic: a bet that the next evolution of finance will be built on-chain, but traded on Wall Street.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
