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.
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.
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