PANews reported on May 16 that Galaxy Digital Holdings Ltd. is in discussions with the U.S. Securities and Exchange Commission (SEC) regarding the tokenization of its stocks and other securities. The company plans to utilize its digital asset platform to convert its stocks into tokens that can be used for decentralized finance (DeFi) applications, and it 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 officially listed on the Nasdaq today.