Galaxy Digital’s Move into the U.S. Financial Market
Galaxy Digital is poised to make a significant move into the U.S. financial market, having obtained the green light from the Securities and Exchange Commission (SEC) for its registration statement amid a corporate restructuring. This development marks a pivotal shift for the company, which currently trades on the Toronto Stock Exchange and is planning to transition its operations from the Cayman Islands to Delaware.
With plans to list its shares on Nasdaq under the ticker “GLXY”, Galaxy Digital aims to tap into the increasing interest from institutional investors in regulated crypto assets.
Upcoming Shareholder Vote and CEO Comments
The firm is set to hold a vote for shareholders on May 9 to discuss the proposed changes, following which it anticipates a swift listing on the stock exchange. Mike Novogratz, the CEO of Galaxy Digital, hailed the SEC’s approval as a “crucial achievement” that signifies the company’s commitment to expanding its reach in the marketplace.
Services and Strategic Expansion
Galaxy Digital offers an array of services tailored for institutional clients, including cryptocurrency trading, asset management solutions, and tokenization. Furthermore, the company is involved in investments and operates data centers dedicated to artificial intelligence and advanced computing capabilities.
This strategic expansion underscores Galaxy Digital’s dedication to bolstering its infrastructure and adapting its services in response to the dynamic landscape of digital assets.
