Galaxy Digital has been approved by the US Securities and Exchange Commission (SEC) to redomicile in the United States, which sets the stage for the Crypto investment company list at the NASDAQ Stock Exchange.
Galawal Looking forward to the NASDAQ list.
The shareholders at the meeting must approve the redomiciling galaxy digital in the US state of Delaware, known for regulating business friendly announcement from the company.
Galawal SEC approved approved for a NASDAQ list In April this year, and once the company gets the other necessary approved, it is a merchant in Nasdaq under the GLXY ticker symbol.
The company is the latest crypto company to announce an imminent stock market list, as the institutional interest in digital assets is growing and cryptors grow as a class of possession that is increasingly interacting with the traditional financial market.
Related: NASDAQ urges the SEC to treat certain digital assets as ‘stock of any other name’
Crypto companies are increasingly playing in the big league
The approach listed in Nasdaq, former microstrategy, is added to the exchange index of 100 largest companies by market capitalization in December 2024.
In April, the Stablecoin Issuer The Circle has filed for an initial public offer (IPO), a process of obtaining a private company in public by listing it with major stock exchanges.
According to one April 21 Report From the Wall Street Journal, Crypto Custodian Bitgo, Circle, Exchange Company Coinbase, Stablecoin Firm Paxos, and other crypto firms are Considering — Applying for bank charters In the US.
The move is further diminishing the line between crypto companies and traditional financial institutions that offer clients lending services and comply with strict financial administration from government regulators.
However, Dante Disparte, Chief Strategy Officer of Circle and head of general policy, has made it clear that the company can obtain a banking license to comply with existing regulations and does not have to work as an banking institution.
Magazine: Crypto wants to overthrow banks, now they turn into the stablecoin fight
