The Securities and Exchange Commission has confirmed meaningful progress toward bringing tokenized U.S. stocks into mainstream markets, and Nasdaq is moving early by preparing to tokenize shares of Galaxy Digital trading under the ticker $GLXY. The development, reported on 17 September 2026, marks a significant bridge between traditional equities and blockchain-based digital assets.
Galaxy Digital CEO Mike Novogratz publicly thanked SEC leaders, crediting the regulator's innovation exemption for clearing a path toward tokenization. That exemption is being viewed as a crucial policy tool, allowing established financial institutions to experiment with tokenized securities while preserving investor protections.
Crypto.com highlighted the SEC's signal on social media, noting that tokenized U.S. stocks are now on a path to wider adoption. Although specific implementation dates have not been disclosed, the agency's strategic focus on digital assets through 2030 suggests a deliberate regulatory framework is taking shape.
Market observers note that broader crypto markets are showing mixed momentum, but the Nasdaq-Galaxy Digital move may boost confidence in tokenized assets. By turning equities such as $GLXY into blockchain-tracked instruments, Nasdaq could encourage other traditional exchanges and institutional investors to explore similar offerings.
This article is for informational purposes only and does not constitute financial advice.
