Galaxy Digital (GLXY), the digital asset investment firm led by Mike Novogratz, is planning to release a tokenized money-market fund, according to two people familiar with the plan.

The New York City-based company is aiming to bring a more crypto-native twist to the range of traditional finance-led tokenized fund offerings, such as BlackRock’s BUIDL and Franklin Templeton’s BENJI token, said the people, who declined to be identified.

The Galaxy fund, which will debut in the coming months, will ultimately be available on the Ethereum, Solana and Stellar blockchains. That said, it won't appear on all three blockchains on day one, according to one of the people. Anchorage Digital is to be the custodian of the new fund.

“The overarching ambition is to use the power of tokenization to offer

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