✨🔸Galaxy Digital debuted on Nasdaq and seeks to tokenize shares.🔸✨▫️▫️▫️
The company had a weak first quarter of 2025, suffering a loss of 295 dollars in net income, according to reports from the company's investors.
Galaxy Digital's shares debuted on the Nasdaq stock exchange on May 16, completing a years-long process that CEO Mike Novogratz described as unfair and frustrating, according to CNBC.
The cryptocurrency and infrastructure company, which also trades in Canada, opened at a price of 23.50 dollars in its Nasdaq debut.
Trading began on the same day that Galaxy revealed it is working with the U.S. Securities and Exchange Commission (SEC) to tokenize its shares. According to Bloomberg, the tokens representing Galaxy Digital's shares could be used in decentralized finance applications, such as loans or borrowing.
Galaxy is among several crypto companies looking to access U.S. markets under a more friendly regulatory regime in the country. Companies also exploring or working on a listing in the U.S. include Metaplanet, Circle, Kraken, and Gemini. The trading platform eToro completed a listing on May 14.
The company has 7 billion dollars in assets on its platform, according to its website. It suffered a loss of 295 million dollars in the first quarter of 2025.
