April 10, 2026, 3:52PM EDT

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

Thomas Cowan, Head of Tokenization at Galaxy Digital, and Jim Hiltner, Co-Founder of Superstate

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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.

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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

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