Bloomberg: Galaxy Digital and the US SEC start consultations on stock tokenization

Odaily Planet Daily News Galaxy Digital Holdings Ltd. is in talks with the U.S. Securities and Exchange Commission (SEC) about plans to tokenize its own stocks and other securities. The company plans to use its digital asset platform to convert traditional stocks into tokens on the blockchain to improve trading efficiency and market transparency. Galaxy Digital founder and CEO Michael Novogratz said the move is aimed at promoting the digital transformation of traditional financial assets and enhancing market liquidity and accessibility. Currently, the plan is still in the preliminary discussion stage, and the specific implementation timetable and regulatory framework have not yet been determined. (Bloomberg)