How Superstate tokenized Galaxy's stock and what's coming next

Episode 70 of The Crypto Beat was recorded with Tim Copeland, Kelvin Sparks and Thomas Cowan, Head of Tokenization at Galaxy Digital, and Jim Hiltner, Co-Founder of Superstate.

Listen below, and subscribe to The Crypto Beat on YouTube, Apple, Spotify, Twitch, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected].

In episode 70 of The Crypto Beat, Tim and Kelvin sit down with Thomas Cowan and Jim Hiltner. The conversation explores how Superstate tokenized Galaxy’s equity onchain, the regulatory and infrastructure challenges involved, and why institutions are increasingly exploring tokenization.

Outline

00:00 - Introduction
00:57 - Galaxy Stock Onchain
02:39 - When Equities Move Onchain
05:16 - Trading Volume Today
07:25 - IPOs on Blockchain
09:17 - Market Adoption Curve
12:25 - TradFi Interest Rising
16:14 - Regulatory Capital Clarity
19:37 - DeFi and TradFi Converge
23:01 - CLO Example
30:45 - Ownership Models Explained
38:04 - DeFi Collateral Markets
43:06 - What Assets Come Next

Guest links:
Thomas Cowan - https://x.com/ThomasCowan93
Jim Hiltner - https://x.com/HiltnerJim
Galaxy HQ - https://x.com/galaxyhq
Superstate - https://x.com/SuperstateInc

Host links:
Tim Copeland - ⁠⁠⁠x.com/timccopeland⁠⁠⁠
Kelvin Sparks - x.com/imyoungsparks

The Block Newsletters
The Block's newsletters bring you the latest news and analysis of the fast-moving crypto and DeFi markets. To subscribe, visit theblock.co/newsletters.

Are you hiring in crypto?
Use Campus to quickly find your best candidates with our challenging Crypto Assessment Test.
Faster hiring, stronger teams.

Sign up for a trial today: theblock.co/campus