Galaxy Digital Moves Closer to U.S. Stock Market Listing
Galaxy Digital is advancing towards a significant milestone in its corporate journey as it prepares for a listing on the U.S. stock market. This follows the recent approval of its registration statement by the Securities and Exchange Commission (SEC), which is a crucial step in the company’s corporate reorganization.
The firm, which currently trades on the Toronto Stock Exchange, is set to transition its base of operations from the Cayman Islands to Delaware. This strategic move aims to facilitate its listing on the Nasdaq under the ticker symbol GLXY. With the growing institutional demand for regulated cryptocurrency products, this expansion into the U.S. market is timely and promising.
Galaxy Digital has slated a shareholder vote regarding the reorganization for May 9, with expectations to initiate the listing process shortly thereafter. CEO Mike Novogratz emphasized the significance of this registration effectiveness, describing it as “an important milestone” in the company’s efforts to broaden its influence and reach within the financial sector.
In addition to its listing plans, Galaxy Digital is known for providing a range of institutional services, including crypto trading, asset management, and tokenization. The firm is also actively involved in investing in and operating data centers that are essential for powering artificial intelligence and high-performance computing.
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