Galaxy Digital, a crypto and AI company, is getting ready to list on Nasdaq, check out its progress!
Jakarta, Pintu News – Galaxy Digital, a company specializing in crypto and AI infrastructure, is getting closer to a major milestone in its US market expansion. After receiving approval from the Securities and Exchange Commission (SEC), the company plans to relocate to Delaware and list on the Nasdaq stock exchange under the stock code “GLXY”.
This strategic move comes following growing institutional demand for regulated crypto products. The plan will be decided in a shareholder vote scheduled for May 9.
SEC Approval and Redomiciliation Plan
Galaxy Digital has received the green light from the SEC for a corporate reorganization that will allow the company to move from the Cayman Islands to Delaware. This approval is an important step in the process of conforming to US capital market regulations. Galaxy Digital CEO, Mike Novogratz, stated that the effectiveness of this registration is an important milestone in the company’s efforts to expand its reach in the global market.
This redomiciliation process marks not only a geographical change, but also a business strategy to further integrate the company’s operations in the US regulated financial ecosystem. With this move, Galaxy Digital hopes to more effectively attract institutional investment and strengthen their position as a leader in crypto and AI financial services.
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Galaxy Digital Services and Products
As a key player in the crypto industry, Galaxy Digital offers a range of institutional services that include crypto trading, asset management, and tokenization. The company focuses on providing solutions that meet the needs of large institutions seeking exposure in digital assets and blockchain technology. These services are designed to provide high security, transparency, and compliance, which are critical for institutional investors.
In addition to financial services, Galaxy Digital also invests in and operates data centers that support high-performance computing and AI infrastructure. These data centers play a crucial role in supporting operations that require large amounts of computing power such as crypto mining, big data analytics, and machine learning. This investment demonstrates Galaxy Digital’s commitment to integrating advanced technologies to support the crypto and AI ecosystem.
Market Impact and Expectations
With Galaxy Digital’s move to list on Nasdaq, it is expected that there will be increased confidence and interest from institutional investors in the crypto industry. Listing on a highly regulated US stock exchange provides an important validation for Galaxy Digital and the crypto sector in general. It could also open doors for investors who were previously hesitant to jump into crypto assets due to regulatory concerns.
The market is also looking forward to how Galaxy Digital will use this new platform for further innovation in their products and services. With access to greater capital and a global network, the potential for further growth and expansion is huge. This is a crucial moment for Galaxy Digital and could be an indicator for future trends in institutional adoption of crypto.
Conclusion
Galaxy Digital’s move to list on Nasdaq is not only a landmark achievement for the company but also for the entire crypto and AI industry. With strong regulatory support and continuous innovation, the future looks bright for Galaxy Digital. Shareholders and potential investors are certainly looking forward to the outcome of the vote on May 9 and the positive impact this expansion will have.
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Reference
- Coindesk. Galaxy Digital Gets SEC Nod for U.S. Listing, Eyes Nasdaq Debut in May. Accessed on April 8, 2025
- Featured Image: The Cryptonomist
