- Galaxy Digital started trading on the Nasdaq Stock Exchange under the GLXY index at $ 23.50 per share
- CEO Mike Novograts said that the Supreme Education Council is open to the capabilities of distinguished assets.
Galaxy Digital officially I started trading on the Nasdak Stock Exchange on May 16. The stock opened at $ 23.50 per share under the GLXY index, after a direct list. Crypto and AI, which focuses on AI, has already been traded on the Toronto Stock Exchange since 2020.
CEO Mike Novuzratz has described the listing as “unfair and angry.” The process spanned 1,320 days, and included nine rounds of comments with the Supreme Education Council, and cost more than $ 25 million. Novogratz emphasized that Galaxy had to stay well to survive in organizational obstacles.
Galaxy Digital Defi Growth
It is now expected that the Galaxy’s vision in the United States will be much higher. Novogratz Cnbc told that the company was displayed in Canada is only three years of what it could achieve in the United States, and stressed the double Galaxy focus on cryptocurrencies and artificial intelligence.
A few hours after she appeared for the first time on the Nasdaq Stock Exchange, Galaxy revealed continuous conversations with SEC for her shares. according to BloombergThe company met with a SEC encryption squad in March. The company aims to transfer its shares on the chain and integrate them into decentralized financing platforms (Defi).
Distinguished stocks can enable new services such as lending, roaming, and trading on Blockchain networks. Galaxy also plans to repeat other financial tools, including fixed income products and traded investment funds. Novogratz said that the Supreme Education Council shows interest in the capabilities of the distinctive networks.
Although the distinctive symbol did not start officially, Novoghatz confirmed that it is still a priority. He said: “You have to change your horizon for what is possible.” The company is working closely with SEC to align future steps.
Galaxy told a net loss of $ 295 million in the first quarter of 2025. Despite bad profits, the company owns $ 7 billion of assets platform. The broader trend continues to distinguish real origins (RWAS) to grow. According to RWA.XYZ, the maximum market for the distinguished RWAS increased by 111.8 % last year, reaching $ 22.5 billion.
Galaxy joins other encryption companies that follow lists. These include metaplanet, circle, kaqin, and gym. Meanwhile, Etoro was successfully listed on the Nasdaq Stock Exchange on May 14.
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