Galaxy Digital Secures Nasdaq Listing After SEC Approval

Galaxy Digital has received approval from the US Securities and Exchange Commission (SEC) to list on Nasdaq.

The company, already listed on the Toronto Stock Exchange (TSX), plans to move its headquarters from the Cayman Islands to Delaware after a shareholder vote on May 9.

CEO Michael Novogratz confirmed the news, expressing confidence that the listing will happen shortly after the vote if all requirements are met.

The decision to relocate to Delaware stems from the state’s reputation as a favorable corporate hub, known for its robust legal framework and regular updates that accommodate modern business needs.

READ MORE:

Bitcoin Whales Continue Accumulating While Smaller Holders Shift to Selling

After the transition, Novogratz will maintain significant control, holding nearly 60% of voting power.

Galaxy Digital’s shares on the TSX recently dipped by 8%, trading at around $8.70. The company has also been in the spotlight after agreeing to a $200 million settlement related to its previous promotion of Terra (LUNA).

Meanwhile, other crypto companies have been making moves on Nasdaq as well. Coincheck Group, a Japanese exchange operator, recently joined the platform, and Metaplanet, a Bitcoin investment firm, is exploring a similar listing after meetings with US stock exchange officials.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.