Galaxy Digital Takes Next Step to Becoming US-Based Company

Digital asset firm Galaxy Digital has taken another step in its relocation from the Cayman Islands to Delaware by filing a registration statement with the U.S. Securities and Exchange Commission (SEC).

The domestication move also comes with a planned listing of Class A common stock on Nasdaq under the “GLXY” ticker symbol. Galaxy Digital, which was founded by Mike Novogratz, currently trades on the Toronto Stock Exchange under the same symbol.The process is undergoing an SEC review, and the new listing is dependent on stock exchange approval.The proposed reorganization is also subject to approval by Galaxy Digital shareholders and the applicable regulatory authorities, including the Toronto Stock Exchange.In November, Galaxy Digital said it agreed to sell $500 million worth of notes exchangeable for shares in a private placement.

Read more: Galaxy Digital Reports Q3 Earnings of $517M

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