Galaxy’s head of tokenization, Thomas Cowan, says institutional interest in tokenization is now “independent of the price of Bitcoin,” as firms focus on utility and operational benefits. The shift suggests demand is driven by product value rather than crypto market cycles.

Galaxy recently announced efforts to reinforce its balance sheet, aiming to efficiently expand its data center operations while preserving financial flexibility. This strategic move positions Galaxy for sustainable growth in the crypto infrastructure space.

Galaxy Digital recently celebrated its Nasdaq listing under the ticker GLXY, marking its entry into the U.S. public markets after a prolonged listing process. This event underscores growing interest in crypto-related firms and highlights evolving regulatory landscapes.