PANews reported on May 16 that Galaxy Digital Holdings Ltd. is in talks with the U.S. Securities and Exchange Commission (SEC) about tokenizing its stocks and other securities, according to Bloomberg. The company plans to use its digital asset platform to convert its own stocks into tokens that can be used in decentralized finance (DeFi) applications, and hopes to expand this technology to other stocks, fixed income products and exchange-traded funds (ETFs) in the future. Galaxy met with the SEC's cryptocurrency task force 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 the Nasdaq today.
Galaxy Digital plans to tokenize its stocks and has started discussions with the SEC
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