{"id":128937,"date":"2025-05-09T18:16:05","date_gmt":"2025-05-09T18:16:05","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128937"},"modified":"2025-05-09T18:16:05","modified_gmt":"2025-05-09T18:16:05","slug":"galaxy-digital-approved-for-us-domicile-clearing-way-for-nasdaq-listing","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128937","title":{"rendered":"Galaxy Digital approved for US domicile, clearing way for Nasdaq listing"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsGalaxy Digital has been approved by the US Securities and Exchange Commission (SEC) to redomicile in the United States, setting the stage for the crypto investment company\u2019s listing on the Nasdaq stock exchange.<br \/>\nGalaxy\u00a0anticipates listing on the Nasdaq, a tech-focused US stock exchange, by the middle of May, pending approval from the Toronto Stock Exchange, on which the company is already listed, and shareholder approval at a special shareholders meeting on May 9.<br \/>\nShareholders at the meeting must approve redomiciling Galaxy Digital in the US state of Delaware, known for its business-friendly regulations, before the process can move forward, according to an announcement from the company.<br \/>\nGalaxy Digital SEC form S-4. Source: SECGalaxy obtained SEC approval for a Nasdaq listing in April this year, and once the company obtains the other necessary approvals, it will trade on the Nasdaq under the GLXY ticker symbol.<br \/>\nThe company is the latest crypto firm to announce an imminent stock market listing, as institutional interest in digital assets grows and crypto matures as an asset class that increasingly interacts with traditional financial markets.<br \/>\nRelated: Nasdaq urges SEC to treat certain digital assets as &#8216;stocks by any other name&#8217;<br \/>\nCrypto firms increasingly playing in the big leagues<br \/>\nNasdaq-listed Strategy, formerly MicroStrategy, was added to the exchange\u2019s index of its 100 largest companies by market capitalization in December 2024.<br \/>\nIn April, stablecoin issuer Circle filed for an initial public offering (IPO), a process of taking a private company public by listing it on major stock exchanges.<br \/>\nAccording to an April 21 report from The Wall Street Journal, crypto custodian BitGo, Circle, exchange company Coinbase, stablecoin firm Paxos, and other crypto firms are considering applying for bank charters in the US.<br \/>\nThe move would further blur the diminishing line between crypto firms and traditional financial institutions that offer lending services to clients and adhere to strict financial oversight from government regulators.<br \/>\nHowever, Dante Disparte, Circle\u2019s chief strategy officer and head of global policy, later clarified that the company may acquire a banking license to comply with existing regulations and not necessarily operate as a banking institution.<br \/>\nMagazine: Crypto wanted to overthrow banks, now it\u2019s becoming them in stablecoin fight<a href=\"https:\/\/cointelegraph.com\/news\/galaxy-digital-approved-us-domicile-nasdaq-listing?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsGalaxy Digital has been approved by the US Securities and Exchange Commission (SEC) to redomicile in the United States, setting the stage for the crypto investment company\u2019s listing&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128937"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128937"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128937\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128937"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}