億萬富翁邁克爾·諾維格拉茨（Michael Novogratz）宣布，他的公司Galaxy正在與監管機構就已經發行的股票進行對話。

Galaxy Digital Holdings，Inc。還運營著一個加密平台，該平台將在令牌化中發揮重要作用。

Billionaire Michael Novogratz's Galaxy is still in talks with regulators on tokenizing already issued shares, according to a report by Bloomberg. The company's crypto platform will have a major role in the initiative.

根據彭博社的一份報告，億萬富翁邁克爾·諾維格拉茨（Michael Novogratz）的銀河系仍在與監管機構有關已發行的股票的監管機構正在對話。該公司的加密平台將在該計劃中發揮重要作用。

Galaxy Digital Holdings, Inc. is interested in tokenizing its own shares, as well as other equities. Novogratz is still in talks with the US Securities and Exchange Commission. Based on SEC documents, Galaxy Digital asked for a meeting with SEC representatives at the end of March and the issue is still open.

Galaxy Digital Holdings，Inc。對將自己的股票以及其他股票興趣感興趣。 Novogratz仍在與美國證券交易委員會進行對話。根據SEC文件，Galaxy Digital在3月底要求與SEC代表進行會議，並且問題仍然開放。

While in theory a token can be created to represent any security, this informal tokenization is not enough to draw institutional clients to the blockchain space. For that reason, regulators must still make a statement on the limits of tokenization and the application of stock trading rules.

從理論上講，可以創建令牌來表示任何安全性，但這種非正式令牌化不足以吸引機構客戶到區塊鏈空間。因此，監管機構仍然必須就令牌化限制和股票交易規則的應用發表聲明。

‘We are working with the SEC to tokenize stocks. They believe in crypto, they believe in the power of tokenized networks and this technology. I think you’ve got to change your horizon for what’s possible,’ Novogratz said in an interview. The company currently spans both traditional and crypto finance, offering tools for miners, traders and other market participants.

``我們正在與SEC合作，以使股票代表股票。他們相信加密貨幣，他們相信令牌化網絡和該技術的力量。我認為您必須盡可能改變自己的視野。 ” Novogratz在接受采訪時說。該公司目前涵蓋了傳統和加密貨幣，為礦工，貿易商和其他市場參與者提供工具。

Previously, the company only had access to the stock market in Canada, but will now tap US-based demand for crypto companies. Ahead of the new market launch, GLXY traded at $30.57, sear a six-month high.

此前，該公司僅能進入加拿大的股票市場，但現在將利用基於美國加密公司的需求。在新市場推出之前，Glxy的交易價格為30.57美元，高達六個月高。

GLXY shares rallied ahead of the expected NASDAQ listing this Friday. | Source: Yahoo Finance

Glxy股票在本週五的納斯達克股票上市之前集會。 |資料來源：雅虎財務

The decision to tokenize shares arrives just as Galaxy Digital was expecting the launch of its GLXY shares on Nasdaq this Friday.

代幣股票的決定就會到來，就像Galaxy Digital預計本週五在納斯達克股票的GLXY股票發行一樣。

Michael Novogratz takes an experimental approach to tokenization

邁克爾·諾維格拉茨（Michael Novogratz）採用實驗方法來代幣化

Galaxy Digital already manages over $7B in assets at the end of March, with $689M in its known crypto wallets. Novogratz aims to expand the usage of tokens, which can tap the value of shares and use it for DeFi collaterals, lending, or trading. Galaxy may end up tokenizing multiple assets, including other stocks or fixed-income instruments.

Galaxy Digital在3月底已經管理著超過7B美元的資產，其已知的加密錢包中有6.89億美元。 Novogratz旨在擴大代幣的使用情況，該代幣可以利用股票的價值並將其用於Defi抵押品，貸款或交易。銀河系最終可能會使多個資產（包括其他股票或固定收益儀器）進行化妝。

There is still no standard of tokenization in the crypto space, and attempts have ranged from ad-hoc tokenization to detailed plans to create new types of tokens to reflect stocks. Currently, the most useful applications for tokenization are for US Treasuries, applied as collateral in DeFi as well as for the creation of stablecoins.

加密貨幣領域仍然沒有標準的令牌化標準，從臨時令牌化到詳細計劃，以創建新型的令牌來反映股票。當前，令牌化最有用的應用程序是針對美國國庫，在DEFI中以及用於穩定的穩定的應用程序。

On-chain assets are currently estimated at $22.51B, with constant growth in the past months. Tokenized public equity is just a small fraction of that amount, at around $400M based on data from Rwa.xyz.

目前，鏈上的資產估計為22.51B美元，在過去的幾個月中持續增長。根據rwa.xyz的數據，令牌化的公共權益只是該金額的一小部分，約為4億美元。

The approach of Novogratz is more experimental, including a tokenized Stradivarius violin from 1708. The tokenized assets are then used for collateralised crypto lending, usually limited to several leading protocols. Gold is also one of the main targets of tokenisation, though with a relatively small market compared to traditional finance.

Novogratz的方法更具實驗性，包括1708年以來的標記性Stradivarius小提琴。黃金也是代幣化的主要目標之一，儘管與傳統金融相比，市場相對較小。

Galaxy Digital is also a top 10 holder of Bitcoin in its corporate treasury. The company sits on a reserve of 12,830 BTC, down from 13,704 BTC in March. The company reported $295M in losses for Q1, based on diminishing asset prices and outlays due to decommissioning mining activities.

Galaxy Digital在公司財政部也是比特幣的前十名。該公司的儲備僅為12,830 BTC，比3月份的BTC 13,704。該公司報告的第1季度損失為2.95億美元，這是基於資產價格下降和由於退役採礦活動而導致的損失。