What You Should Know:
- The SEC has approved Galaxy Digital’s registration statement linked to its reorganization.
- A shareholder vote on this reorganization is scheduled for May 9, with the listing on Nasdaq anticipated shortly after.
- Galaxy Digital will be trading on Nasdaq under the ticker symbol “GLXY.”
Galaxy Digital is advancing toward a U.S. stock market presence following the SEC’s endorsement of its registration for corporate restructuring. Currently, the firm is listed on the Toronto Stock Exchange, and it plans to relocate its headquarters from the Cayman Islands to Delaware, aiming for shares to be listed on Nasdaq as “GLXY”. This move aligns with the increasing institutional demand for regulated cryptocurrency offerings.
A shareholder vote regarding the reorganization is set for May 9, followed closely by the expected listing. In a recent statement, CEO Mike Novogratz referred to this registration approval as a significant achievement in expanding the company’s influence.
Galaxy offers institutional services in cryptocurrency trading, asset management, and tokenization, in addition to investing in and managing data centers that support artificial intelligence and high-performance computing.
