- Galaxy Digital secures SEC approval for Nasdaq listing plans.
- Galaxy Digital aims for Nasdaq listing after May 9 shareholder vote.
- FCA grants Galaxy UK subsidiary license for derivatives trading.
The SEC approved Galaxy Digital’s registration statement which moved the company closer to listing on the Nasdaq. The approval is part of the company’s efforts to re-domesticate from the Cayman Islands to Delaware and list under the ticker symbol “GLXY” . This action will be implemented immediately after a shareholder vote which is scheduled on May 9, 2025.
The shareholder vote marks the final stage of Galaxy Digital’s reorganization. After the successful completion, the company plans to list on the Nasdaq Global Select Market. This listing is part of Galaxy’s U.S. market expansion amid increased institutional demand for regulated crypto products.
Mike Novogratz, the Chief Executive Officer, stressed the importance of this approval for business operations. He termed it as a vital achievement for the company as it continues to establish its position as a leader in digital assets and artificial intelligence infrastructure. After the shareholder vote, the Nasdaq listing will take place in mid-May provided it complies with all regulatory and shareholder requirements.
Galaxy Digital Relocates To Delaware
The company filed a registration statement with the SEC which outlines all the reorganization details. The company will transition to a new Delaware holding company, Galaxy Digital Inc. which will list its shares on Nasdaq. The company plans to maintain its Toronto Stock Exchange listing for some time after the reorganization.
The successful transition requires shareholder approval through a special meeting. The meeting will take place on May 9, 2025 at 10:00 a.m. Eastern Time. The shareholders who possessed Galaxy Digital ordinary shares as of April 7, 2025 are eligible to vote.
The company seeks to move its business operations to the U.S. because of the increased demand for regulated cryptocurrency services by institutional investors. The company offers several services to its clients such as crypto trading, asset management and tokenization. Additionally, the company operates data centers that enable AI-based and high-performance computing applications to strengthen its market position.
Global Expansion
Moreover, the Financial Conduct Authority (FCA) approved Galaxy Digital’s UK subsidiary, Galaxy Digital UK Ltd. The license allows the subsidiary to conduct derivatives trading operations from its London office. Additionally, the FCA approval allows the UK subsidiary to expand its investment banking services and support its asset management.
