Galaxy Digital Seeks SEC Approval for Tokenized Stocks

Galaxy Digital, a leading cryptocurrency firm, has initiated discussions with the U.S. Securities and Exchange Commission (SEC) to explore the potential of tokenizing its stocks on the blockchain. This initiative could revolutionize the financial industry by making stocks more accessible through decentralized finance (DeFi). The company is also undergoing a reorganization from the Cayman Islands to Delaware, which aligns with their vision for expanding their presence in digital assets. Analysts see this as a potential game-changer, paving the way for broader DeFi applications and increased market participation. .