Movement Alert|Galaxy Digital Holdings Ltd. Rises 5.31% in Regular Trading, SEC Tokenized Stock Innovation Exemption Opens On-Chain Trading Pathway

Market Focus
Sep 21

On September 21, Galaxy Digital Holdings Ltd. rose 5.31% in regular trading, trading at $25.72/share, with turnover of $29.988 million.

On the news front, the U.S. SEC issued an Innovation Exemption rule on September 17, granting a five-year regulatory exemption for tokenized stock secondary market trading. The rule allows qualifying trading platforms using permissioned automated market makers and liquidity pools to operate without being classified as exchanges under the Securities Exchange Act. Retail investors, institutions, and licensed financial entities may all participate subject to platform access requirements.

Galaxy Digital had previously launched tokenized $GLXY on the Solana blockchain but was unable to facilitate on-chain secondary market trading due to regulatory ambiguity. The company confirmed it is now evaluating next steps to operationalize on-chain trading of its tokenized shares following the new exemption. Additionally, Galaxy's multi-line business expansion continues to underpin market confidence, including the completed Phase I delivery of 133 MW at its Helios data center and a $3.51 billion senior secured notes offering to finance Phase II construction.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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