Galaxy exec: Tokenization demand no longer tied to Bitcoin price
Thomas Cowan, head of tokenization at Galaxy, told industry audiences that demand for tokenized assets has decoupled from Bitcoin’s price, with institutions increasingly recognizing practical benefits such as fractional ownership, faster settlement and new yield opportunities. Cowan’s comment reflects a broader institutional move to view tokenization as an operational and product innovation rather than a speculative play tied to BTC volatility.
If sustained, this separation could stabilize interest in tokenization platforms and encourage further infrastructure investment and regulatory engagement. For market participants and service providers, it means product roadmaps and partnerships may be planned around real-world utility and client mandates rather than being cyclical with crypto prices, potentially broadening adoption across asset managers, custodians and issuers.