Thomas Cowan on Tokenizing the World and Galaxy’s $5 Trillion Plan for State Street!

We sit down with Thomas Cowan, Head of Tokenization at Galaxy, live at Solana Breakpoint 2025 to break down their massive new partnership with State Street ($5 trillion AUM). Thomas explains how the conversation with Wall Street has fundamentally flipped: it’s no longer crypto companies pitching TradFi, but TradFi giants coming to Galaxy with FOMO, asking how to get onchain. We discuss the mechanics of their new "sweep" product, why Galaxy tokenized its own stock, and his prediction for M&A consolidation among Digital Asset Treasuries (DATs). Plus, Thomas defines the new narrative for Solana in 2026: The "Internet Capital Markets." Timestamps: 00:00 - TradFi at Breakpoint 03:10 - Wall Street has FOMO 05:45 - The $5 Trillion News 08:20 - Tokenizing Their Own Stock 14:30 - 2026: "Internet Capital Markets"