Galaxy Digital is advancing toward securing a listing on the U.S.-based Nasdaq stock exchange following the U.S. Securities and Exchange Commission (SEC) approval of its plan to redomicile from the Cayman Islands to Delaware. This milestone paves the way for the company—currently listed on the Toronto Stock Exchange (TSX)—to finalize the transition subject to a shareholder vote and TSX approval. The shareholder meeting to vote on the proposal is scheduled for today. If approved, shares could begin trading on Nasdaq as early as next week under the ticker GLXY.
The move is part of Galaxy Digital’s broader strategy to gain access to a wider pool of investors, particularly in the U.S., and to align with growing institutional interest in cryptocurrencies. Galaxy specializes in crypto asset management, trading, mining, and venture capital. The company also plans to raise $175 million for crypto startup investments through its Galaxy Ventures Fund.
This development reflects a trend of major crypto firms seeking legitimacy and capital via public markets—Circle, BitGo, and Paxos are also considering public listings. The listing is expected to facilitate Galaxy's U.S. growth ambitions, offer enhanced regulatory compliance, and help bridge traditional finance with the digital asset sector. Despite a recent $200 million settlement related to the TerraLuna project, investor interest remains strong. The final timeline for the Nasdaq debut depends on both shareholder and TSX approvals.