The Galaxy Digital moves closer to a US stock list after the Securities and Exchange Commission (SEC) approved its registration statement tied to a corporate repair.
The Crypto and AI Infrastructure Firm, currently listed in the Toronto Stock Exchange, aims to move its home base from the Cayman Islands to Delaware and list the shares in NASDAQ as “Glxy.” The expansion of the US market company will come as institutional demand for regulated crypto products continues to grow.
The company has scheduled a shareholder vote in rearrangement for May 9. It is expected to list the firm shortly. CEO Mike Novogratz called the effectiveness of the registration “an important milestone” in the company’s bid to expand its reach.
The Galaxy provides institutional services on crypto trading, ownership management, and tokenization. It also invests and operates data centers that have the power of AI and high computing performance.
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