Galaxy Digital began trading on Nasdaq under the ticker GLXY at $23.50 per share
CEO Mike Novogratz said the SEC is open to the possibilities of tokenized assets.
Galaxy Digital officially began trading on the Nasdaq exchange on May 16. The stock opened at $23.50 per share under the ticker GLXY, following a direct listing. The crypto and AI-focused company had previously traded on the Toronto Stock Exchange since 2020.
CEO Mike Novogratz called the listing process “unfair and infuriating.” The process spanned 1,320 days, involved nine rounds of feedback with the SEC, and cost over $25 million. Novogratz emphasized that Galaxy had to stay well-capitalized to survive regulatory hurdles.
Galaxy Digital Targets DeFi Growth
Galaxy’s U.S. visibility is now expected to be significantly higher. Novogratz told CNBC that the company’s exposure in Canada was only one-thirtieth of what it can achieve in the U.S. He stressed Galaxy’s dual focus on cryptocurrency and artifi
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