Galaxy Digital Takes Next Step to Becoming US-Based Company

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Digital asset firm GalaxyDigital has filed a registration statement with the SEC, furthering its plan to reorganize as a Delaware-based company from the Cayman Islands and eventually list on the Nasdaq. BrandyBetz reports

Galaxy Digital founder and CEO Mike Novogratz

Digital asset firm Galaxy Digital has taken another step in its relocation from the Cayman Islands to Delaware byThe 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.Read more:The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a

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