亿万富翁迈克尔·诺维格拉茨（Michael Novogratz）宣布，他的公司Galaxy正在与监管机构就已经发行的股票进行对话。

Galaxy Digital Holdings，Inc。还运营着一个加密平台，该平台将在令牌化中发挥重要作用。

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.

根据彭博社的一份报告，亿万富翁迈克尔·诺维格拉茨（Michael Novogratz）的银河系仍在与监管机构有关已发行的股票的监管机构正在对话。该公司的加密平台将在该计划中发挥重要作用。

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。对将自己的股票以及其他股票兴趣感兴趣。 Novogratz仍在与美国证券交易委员会进行对话。根据SEC文件，Galaxy Digital在3月底要求与SEC代表进行会议，并且问题仍然开放。

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.

从理论上讲，可以创建令牌来表示任何安全性，但这种非正式令牌化不足以吸引机构客户到区块链空间。因此，监管机构仍然必须就令牌化限制和股票交易规则的应用发表声明。

‘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.

``我们正在与SEC合作，以使股票代表股票。他们相信加密货币，他们相信令牌化网络和该技术的力量。我认为您必须尽可能改变自己的视野。” Novogratz在接受采访时说。该公司目前涵盖了传统和加密货币，为矿工，贸易商和其他市场参与者提供工具。

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，该公司仅能进入加拿大的股票市场，但现在将利用基于美国加密公司的需求。在新市场推出之前，Glxy的交易价格为30.57美元，高达六个月高。

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

Glxy股票在本周五的纳斯达克股票上市之前集会。 |资料来源：雅虎财务

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

代币股票的决定就会到来，就像Galaxy Digital预计本周五在纳斯达克股票的GLXY股票发行一样。

Michael Novogratz takes an experimental approach to tokenization

迈克尔·诺维格拉茨（Michael Novogratz）采用实验方法来代币化

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月底已经管理着超过7B美元的资产，其已知的加密钱包中有6.89亿美元。 Novogratz旨在扩大代币的使用情况，该代币可以利用股票的价值并将其用于Defi抵押品，贷款或交易。银河系最终可能会使多个资产（包括其他股票或固定收益仪器）进行化妆。

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.

加密货币领域仍然没有标准的令牌化标准，从临时令牌化到详细计划，以创建新型的令牌来反映股票。当前，令牌化最有用的应用程序是针对美国国库，在DEFI中以及用于稳定的稳定的应用程序。

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，链上的资产估计为22.51B美元，在过去的几个月中持续增长。根据rwa.xyz的数据，令牌化的公共权益只是该金额的一小部分，约为4亿美元。

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的方法更具实验性，包括1708年以来的标记性Stradivarius小提琴。黄金也是代币化的主要目标之一，尽管与传统金融相比，市场相对较小。

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在公司财政部也是比特币的前十名。该公司的储备仅为12,830 BTC，比3月份的BTC 13,704。该公司报告的第1季度损失为2.95亿美元，这是基于资产价格下降和由于退役采矿活动而导致的损失。