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

Galaxy Digital has been accredited by the US Securities and Change Fee (SEC) to redomicile in the USA, 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 Could, pending approval from the Toronto Inventory Change, on which the corporate is already listed, and shareholder approval at a particular shareholders assembly on Could 9.

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

Galaxy obtained SEC approval for a Nasdaq listing in April this 12 months, and as soon as the corporate obtains the opposite crucial approvals, it’ll commerce on the Nasdaq underneath the GLXY ticker image.

The corporate is the newest crypto agency to announce an imminent inventory market itemizing, as institutional curiosity in digital property 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 non-public 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.