Novogratz-led firm aims to offer crypto-native alternative to traditional tokenized funds
Galaxy Digital is preparing to launch a tokenized money-market fund, marking its entry into the fast-growing market of blockchain-based investment products. According to people familiar with the plans, the fund will be custodied by Anchorage Digital and will roll out in the coming months.
Expanding Tokenization in Finance
The initiative follows the success of tokenized offerings from traditional finance leaders such as BlackRock’s BUIDL and Franklin Templeton’s BENJI token. Unlike these products, Galaxy aims to add a crypto-native layer of innovation, positioning itself as a bridge between decentralized technology and institutional-grade investment strategies.
“The overarching ambition is to use the power of tokenization to offer instant liquidity,” source explained, adding that Galaxy has carefully studied how early entrants engaged investors. “There’s a lot of innovation around that to come.”
Multi-Chain Availability
The new fund will ultimately be made available on Ethereum, Solana and Stellar, though not all blockchains will be supported from day one. By leveraging multiple ecosystems, Galaxy seeks to expand its reach across both institutional and retail investors looking for diversified blockchain exposure.
This approach signals a broader trend of multi-chain financial products, reflecting demand for flexible access to tokenized assets beyond a single network.
Custody and Market Positioning
Anchorage Digital, a regulated custodian, will oversee the fund’s digital assets, ensuring compliance and security. This partnership highlights the importance of robust infrastructure and regulatory safeguards as tokenized finance scales.
Industry analysts say the move could accelerate institutional adoption of blockchain-based funds. “Tokenized money-market funds combine the safety of traditional instruments with the efficiency of crypto rails,” . “Galaxy’s entrance may push more asset managers to explore tokenization.”
With the launch, Galaxy Digital joins a competitive but expanding field of tokenized investment vehicles. If successful, the product could strengthen the firm’s position as a pioneer in merging digital assets with traditional finance, while paving the way for greater liquidity and accessibility in global markets.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.