Galaxy Digital Seeks SEC Approval for Stock Tokenization

Investment firm Galaxy Digital is engaging in talks with the Securities and Exchange Commission (SEC) to explore the possibility of tokenizing its stock following a recent Nasdaq listing. Led by founder Michael Novogratz, this initiative aims to bring blockchain technology closer to traditional financial systems. The SEC’s approval would pave the way for tokenizing other equities, potentially expanding DeFi applications like lending and trading platforms. 🎤 Novogratz emphasizes his belief that