Galaxy Digital approved for US domicile, clearing way for Nasdaq listing

Galaxy Digital has been accredited by the US Securities and Alternate Fee (SEC) to redomicile in america, setting the stage for the crypto funding firm’s itemizing on the Nasdaq inventory trade.

Galaxy anticipates listing on the Nasdaq, a tech-focused US inventory trade, by the center of Might, pending approval from the Toronto Inventory Alternate, on which the corporate is already listed, and shareholder approval at a particular shareholders assembly on Might 9.

Shareholders on the assembly should approve redomiciling Galaxy Digital within the US state of Delaware, recognized for its business-friendly laws, earlier than the method can transfer ahead, in line with an announcement from the corporate.

Galaxy obtained SEC approval for a Nasdaq listing in April this yr, and as soon as the corporate obtains the opposite needed approvals, it’s going to commerce on the Nasdaq beneath the GLXY ticker image.

The corporate is the newest crypto agency to announce an imminent inventory market itemizing, as institutional curiosity in digital belongings grows and crypto matures as an asset class that more and more interacts with conventional monetary markets.

Associated: Nasdaq urges SEC to treat certain digital assets as ‘stocks by any other name’

Crypto corporations more and more taking part in within the massive leagues

Nasdaq-listed Technique, previously MicroStrategy, was added to the exchange’s index of its 100 largest corporations by market capitalization in December 2024.

In April, stablecoin issuer Circle filed for an initial public offering (IPO), a means of taking a personal firm public by itemizing it on main inventory exchanges.

In response to an April 21 report from The Wall Avenue Journal, crypto custodian BitGo, Circle, trade firm Coinbase, stablecoin agency Paxos, and different crypto corporations are considering applying for bank charters within the US.