Galaxy
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Digital-asset financial services firm: trading, asset management and tokenization advisory.
2 open roles at GalaxyGalaxy in the news
BNY to add crypto staking to digital asset custody platform
BNY has partnered with Galaxy to integrate staking capabilities into its institutional digital asset custody platform, pending regulatory approval. This collaboration leverages Galaxy's infrastructure to allow BNY's clients to stake assets directly within their existing custody environment, eliminating the need for third-party transfers. The move represents a significant expansion of BNY's blockchain-based services, building upon its 2022 entry into crypto custody. Beyond staking, BNY is actively modernizing its core operations by migrating transfer agency record-keeping to a unified onchain ledger. The bank also announced plans to launch 24/7 settlement for tokenized U.S. Treasuries by 2027, with private blockchain testing scheduled for late 2026. These initiatives underscore the bank's strategy to bridge traditional financial infrastructure with blockchain technology to reduce intermediary reliance. As a custodian overseeing tens of trillions of dollars, BNY's commitment to tokenized assets and blockchain integration serves as a bellwether for institutional adoption of RWA-related financial services.
Galaxy Pioneers Full Ownership Rights in Tokenized Stocks
Broadridge Financial Solutions has expanded its governance platform to provide proxy voting and corporate action management for tokenized securities. This infrastructure allows public companies, broker-dealers, and institutional investors to manage both traditional and tokenized assets within a unified workflow. Galaxy, the first U.S. public company to issue native tokenized equity on a public blockchain, will utilize this platform for its upcoming annual shareholder meeting in May. The system records proxy votes on Broadridge’s Avalanche-based Layer 1 blockchain before distributing them across multiple networks. By consolidating registered, beneficial, and tokenized holdings into a single view, the platform eliminates fragmentation in corporate governance. This development is significant for the RWA market as it bridges the gap between traditional market infrastructure and blockchain-based ownership. Broadridge currently processes $8 trillion in tokenized assets monthly, and this integration marks a critical step toward scaling digital asset adoption in public markets.
SEC plan to scrap ‘Rule 611’ positive for tokenized US stocks: Galaxy
The U.S. Securities and Exchange Commission has proposed rescinding Rule 611 and Rule 610(e), which currently mandate strict order protection and price quote standards across national market systems. Galaxy head of research Alex Thorn identified this move as a significant catalyst for tokenized U.S. equities, as current regulations effectively prohibit decentralized platforms from operating legally. Under existing rules, automated market makers (AMMs) are unable to comply with trade-through restrictions because they execute orders based on pool prices rather than cross-exchange price matching. Because AMM prices fluctuate constantly, they would inherently violate requirements to guarantee the best available price across all platforms. The SEC intends to replace these rigid mandates with a more flexible best execution framework, potentially accommodating the unique operational structure of blockchain-based trading. This regulatory shift follows the launch of the SEC's Project Crypto in August 2025, which aims to modernize digital asset oversight. If finalized after the 60-day feedback period, this change could remove the primary structural barrier preventing tokenized stocks from trading on decentralized exchanges.