Catenaa, Thursday, April 10, 2025- Galaxy Digital, the crypto financial services firm, has received approval from the US Securities and Exchange Commission (SEC) for its move from the Cayman Islands to Delaware.
The approval, which follows the filing of the company’s S-4 registration statement, is part of the firm’s broader expansion strategy in the US Galaxy Digital plans to list on the Nasdaq under the ticker GLXY, with the listing expected in May.
A special shareholder meeting is scheduled for May 9 to finalize the reorganization, with Nasdaq listing anticipated soon after shareholder approval. Mike Novogratz, CEO and founder of Galaxy Digital, described the approval as a significant milestone for the company.
Galaxy’s reorganization is also contingent on clearance from the Toronto Stock Exchange, where it is currently listed. The company recently faced scrutiny, agreeing to a $200 million settlement with the New York Attorney General’s office over its promotion of Luna cryptocurrency, which collapsed in 2022 alongside TerraUSD.
The move to Delaware and subsequent Nasdaq listing mark a key step for Galaxy as it continues its growth in the digital asset and AI financial sectors.
