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Digital asset powerhouse Galaxy Digital is poised to make its long-anticipated debut on the Nasdaq, following recent approval from the U.S. Securities and Exchange Commission (SEC). The move signals a major step in bridging traditional finance and the rapidly evolving world of crypto.
SEC Greenlight Opens the Door
After months of regulatory navigation, Galaxy confirmed it has received the green light from the SEC to proceed with its U.S. listing. The firm, already publicly traded in Canada on the Toronto Stock Exchange, has long eyed the Nasdaq as a strategic next step in expanding its presence with institutional investors and mainstream markets.
“Achieving SEC approval for a U.S. listing brings us closer to our vision of becoming the go-to gateway between digital assets and global capital markets,” Galaxy founder and CEO Mike Novogratz said in a statement.
Why Nasdaq, Why Now?
The timing of the listing is particularly notable. Crypto markets have seen renewed momentum in 2025, with Bitcoin hovering near all-time highs and increased institutional interest pouring into digital assets, DeFi, and blockchain infrastructure.
Galaxy’s push to list on the Nasdaq aligns with a broader trend of crypto-native firms seeking legitimacy and capital through traditional financial channels. The listing is expected to give the firm greater visibility, liquidity, and access to a broader investor base in the U.S.
What Galaxy Brings to the Table
Founded in 2018 by former hedge fund manager Mike Novogratz, Galaxy Digital offers a suite of services ranging from crypto asset management and trading to venture investing and mining. The firm has positioned itself as a full-stack digital asset financial services company.
Galaxy has also been an active player in the growing institutional crypto space, partnering with firms like Goldman Sachs, BlackRock, and Fidelity to support blockchain product integration and infrastructure development.
Market Implications
Analysts view Galaxy’s Nasdaq listing as a bullish signal for the broader crypto industry — a milestone that could pave the way for more digital asset firms to go public in the U.S.
“Galaxy’s listing is more than a financial event — it’s symbolic of crypto’s growing entrenchment in global capital markets,” said one analyst at a leading investment bank.
Galaxy is expected to finalize its Nasdaq debut within the coming weeks under the ticker symbol GLXY (pending confirmation).
