Galaxy Digital Nears U.S. Stock Market Listing Following SEC Approval

According to CoinDesk, Galaxy Digital is advancing towards a U.S. stock market listing after receiving approval from the Securities and Exchange Commission (SEC) for its registration statement related to a corporate reorganization. The company, which is currently listed on the Toronto Stock Exchange, plans to relocate its home base from the Cayman Islands to Delaware and list its shares on Nasdaq under the ticker symbol "GLXY." This strategic move into the U.S. market aligns with the growing institutional demand for regulated cryptocurrency products. The firm has scheduled a shareholder vote on the proposed reorganization for May 9, with expectations to list shortly thereafter. CEO Mike Novogratz described the registration's effectiveness as "an important milestone" in Galaxy Digital's efforts to broaden its market presence. Galaxy Digital offers a range of institutional services, including crypto trading, asset management, and tokenization. Additionally, the company invests in and operates data centers that support artificial intelligence and high-performance computing. This expansion reflects the firm's commitment to enhancing its infrastructure and service offerings in response to the evolving needs of the digital asset market.