Galaxy Digital approved for US domicile, clearing way for Nasdaq listing
Galaxy Digital has received approval from the US Securities and Exchange Commission (SEC) to redomicile in the United States, paving the way for its listing on the Nasdaq stock exchange. The anticipated Nasdaq listing is expected by mid-May, contingent on approval from the Toronto Stock Exchange and shareholder consent at a special meeting on May 9. Shareholders must approve the move to Delaware, known for favorable business regulations. Galaxy aims to trade under the GLXY ticker symbol. This development reflects growing institutional interest in digital assets and the increasing integration of crypto firms with traditional financial markets. Other crypto firms, including Circle and BitGo, are also exploring public listings and bank charters, indicating a trend towards regulatory compliance and closer ties with conventional banking practices.
