Galaxy Digital, led by Mike Novogratz, is preparing to launch a tokenized money-market fund, aiming to compete with BlackRock and Franklin Templeton in blending traditional finance with blockchain innovation.
The fund, rolling out in the coming months, will initially operate across Ethereum, Solana, and Stellar, with Anchorage Digital serving as custodian. Galaxy says the goal is to deliver instant liquidity through tokenization.
This initiative comes as Galaxy intensifies its Solana exposure. On Sunday, the firm bought $306 million worth of SOL in one day, bringing its total purchases in recent weeks to more than $1.5 billion. The tokens were secured through Fireblocks custody. Galaxy has also joined Multicoin Capital and Jump Crypto in funding Forward Industries’ $1.65 billion Solana treasury strategy.
By expanding into tokenized funds and corporate treasuries, Galaxy is doubling down on blockchain adoption. The company believes tokenization can reshape global finance, creating faster, more liquid investment vehicles that rival traditional structures.
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