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Galaxy Digital, a leading crypto financial firm, is exploring tokenizing its Nasdaq-listed GLXY shares, following a landmark sale of 80,000 BTC worth over $9 billion for a Satoshi-era investor. Announced on July 25, 2025, the transaction underscores Galaxy’s robust trading infrastructure, handling one of the largest Bitcoin deals ever, driven by an early investor’s estate planning strategy. Despite a 43% drop in Q2 assets to $6.3 billion, Galaxy reported a $30.7 million profit, fueled by its treasury and digital asset operations.
Partnering with Superstate Services, Galaxy aims to tokenize GLXY shares, enabling 24/7 trading, fractional ownership, and enhanced liquidity on blockchain platforms. This move, detailed in an August 5 SEC filing, aligns with the growing $100 billion real-world asset (RWA) tokenization market, projected to reach $10 trillion by 2030. CEO Mike Novogratz emphasized bridging traditional finance (TradFi) and decentralized finance (DeFi), with tokenized GLXY offering investors seamless access to Galaxy’s equity via decentralized exchanges.
However, Galaxy cautions that the tokenized securities market is nascent, with risks of low liquidity and limited regulatory oversight compared to Nasdaq. The initiative follows Galaxy’s Nasdaq listing on May 16, 2025, and a Q2 adjusted gross profit of $299 million. The firm’s $9 billion in assets under management and ventures like a $175 million fund for blockchain startups highlight its DeFi push.
As Galaxy navigates regulatory hurdles, its tokenization plan could set a precedent for institutional blockchain adoption, redefining equity trading and investor access in the crypto era.
