Mike Novogratz\u2019s crypto firm Galaxy Digital sees a bright future ahead for tokenized assets<\/a>.<\/p>\n In a recent research report, \u201cThe Investable Universe 2.0,\u201d the New York-based firm projects that tokenized assets could reach a $1.9 trillion market capitalization by 2030 under its base scenario, a 5,622% increase from their current $33 billion valuation<\/a>, and as much as $3.8 trillion if adoption accelerates.<\/p>\n In the report, Galaxy Digital explained that the valuation growth can be attributed to strong institutional interest as firms \u201cseek to understand and adopt the technology to stay competitive.\u201d<\/p>\n The firm sees cash, deposits, and money market funds leading the shift, while tokenized equities, including shares of public companies, remain a smaller segment, at least for now. But still, even in a slower scenario, Galaxy Digital expects at least $800 billion worth of assets to move on-chain by 2030.<\/p>\n The projection comes just a month after Galaxy Digital\u2019s own experiment with tokenized stocks went live. In early September, The Defiant reported that the firm launched<\/a> its Class A Common Stock on Solana<\/a> through a partnership with Superstate, a tokenization startup founded by Compound founder Robert Leshner.<\/p>\n As a result of that collaboration, Galaxy Digital became the first public company to issue SEC-registered equity directly on Solana, with Superstate acting as the transfer agent.<\/p>\n Data from Solscan shows<\/a> that around 32,000 GLXY tokens have been issued so far, with approximately 1,500 new tokens issued in the past month. That represents a modest 5% growth since launch, though the firm pointed out<\/a> in a September press release that it continues to explore compliant ways to unlock \u201cbroader liquidity and utility for investors and issuers alike.\u201d<\/p>\n Galaxy Digital did not respond to The Defiant\u2019s request for comment.<\/p>\n As of press time, the broader market remains largely dominated by synthetic issuers. Animoca Brands, in its \u201cState of Tokenized Stocks\u201d report, estimated<\/a> that Backed Finance and Ondo Finance account for 95% of the tokenized stock market, mostly through Ethereum<\/a>-based synthetic products tied to major U.S. tech shares and ETFs.<\/p>\n![\"Tokenized](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.thedefiant.io%2Fpasted-1759858570683-png-927f0cba-e518-4d17-99c0-1bbede119375.png&w=3840&q=100\"\/)
Synthetic Bubble<\/h2>\n
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