Crypto funding agency Galaxy Digital is getting ready to shift its public itemizing from the Toronto Inventory Trade (TSX) to the U.S.-based Nasdaq on Might 16, pending ultimate shareholder approval at a particular assembly scheduled for Might 9.
The transfer additionally requires Nasdaq’s clearance earlier than buying and selling can begin underneath the deliberate ticker image, GLXY, based on a latest announcement.
Galaxy CEO Calls Nasdaq Transfer a “Milestone” for Increasing Entry to Crypto and AI
Galaxy CEO and founder Mike Novogratz described the step as a “milestone” in an announcement on April 30, emphasizing that it’ll strengthen Galaxy’s position in bridging investor entry to the digital asset and synthetic intelligence sectors.
The twin-market presence would broaden the agency’s visibility and entice a wider pool of institutional buyers.
Galaxy has traded on the TSX since July 2020 however is down roughly 12.28% year-to-date, based on Google Finance information, reflecting broader market headwinds.
In the meantime, the Nasdaq 100 has fallen 7.33% in 2025, although April introduced a slight rebound, serving to to spice up sentiment amongst tech and crypto buyers.
Galaxy’s U.S. itemizing ambitions coincide with renewed optimism in Nasdaq-listed crypto companies.
Coinbase (COIN) rose 17.80% in April, whereas MicroStrategy (MSTR), led by Bitcoin advocate Michael Saylor, gained 31.86%.
Bitcoin mining firm CleanSpark (CLSK) additionally surged by 21.58%, based on Google Finance information.
Novogratz, a well known Bitcoin proponent, stays dedicated to rising Galaxy’s funding footprint.
The agency’s Galaxy Ventures Fund I LP is reportedly focusing on as much as $180 million in capital by June, aiming to assist about 30 startups within the crypto and blockchain area.
Outstanding crypto entrepreneur Anthony Pompliano famous the market’s resilience in an April 30 publish on X, highlighting that the Nasdaq 100 completed April up greater than 1%.
“And persons are nonetheless speaking in regards to the Nice Despair,” he quipped, calling the market’s response “insane.”
The Nasdaq 100 ended April up greater than 1% and persons are nonetheless speaking in regards to the Nice Despair.
Insane.— Anthony Pompliano
(@APompliano) Might 1, 2025
If Galaxy secures the required approvals, it’ll quickly be part of the ranks of main crypto companies anchoring their future to U.S. capital markets, underscoring a rising convergence between conventional finance and digital belongings.
Galaxy Digital UK Arm Secures FCA License
Final month, Galaxy Digital secured a regulatory license for its UK subsidiary on Wednesday.
The license from the UK’s Monetary Conduct Authority (FCA) would enable Galaxy to supply derivatives buying and selling capabilities within the UK.
Additional, the license will assist the agency’s funding banking unit to supply capital-raising and advisory providers from its London workplace. Galaxy Digital UK would additionally assist its asset administration enterprise with actions like fund distribution.
In March, the Workplace of the Lawyer Common of the State of New York (OAG) fined Galaxy Digital $200 million following an investigation into its alleged market manipulation of the cryptocurrency Luna.
The investigation, carried out underneath the Martin Act and New York Govt Legislation Part 63(12), discovered that Galaxy engaged in misleading buying and selling practices by selling Luna whereas secretly offloading its holdings.
Galaxy Digital allegedly started buying Luna in 2020 instantly from Terraform Labs at a major low cost, with the understanding that it will use its affect to drive curiosity within the token.
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