Galaxy Digital Receives SEC Approval for U.S. Listing, Plans Nasdaq Debut in May

Key Points to Know:

• The SEC has approved Galaxy Digital's registration statement for the company's reorganization.

• A shareholder vote on the reorganization is set for May 9, with the listing expected shortly after.

• Galaxy Digital plans to list on Nasdaq under the ticker symbol "GLXY".

Galaxy Digital is one step closer to listing on the U.S. stock market after the Securities and Exchange Commission (SEC) approved its registration statement related to a corporate reorganization.

The crypto and AI infrastructure company, currently listed on the Toronto Stock Exchange, plans to relocate its headquarters from the Cayman Islands to Delaware and list shares on Nasdaq under the ticker "GLXY." This move into the U.S. market comes amid growing institutional demand for regulated crypto products.

The company has set a shareholder vote on the reorganization for May 9, with the listing anticipated shortly after. CEO Mike Novogratz described the registration's approval as “an important milestone” in the firm's efforts to broaden its reach.

Galaxy Digital offers institutional services in crypto trading, asset management, and tokenization. Additionally, it invests in and operates data centers that support AI and high-performance computing.