Galaxy Digital Secures SEC Approval for Delaware Redomicile
- Galaxy Digital to redomicile to Delaware with SEC approval.
- The move facilitates a future Nasdaq listing.
- This reorganization enhances U.S. institutional investor access.
Galaxy Digital’s redomicile to Delaware is pivotal, aligning it more closely with U.S. regulatory frameworks and potentially increasing its access to institutional investors.
SEC Approval and Nasdaq Plans
The SEC’s approval of Galaxy Digital Holdings Ltd.’s move to Delaware marks a fundamental shift in its strategy. With the transition approved, the company eyes a listing on the Nasdaq Global Select Market, reinforcing its role in digital asset services.
“We’re pleased to announce the effectiveness of our registration statement with the SEC. This marks an important milestone for Galaxy, as we take a significant step toward advancing our mission of driving innovation and growth across digital assets and artificial intelligence infrastructure. We look forward to completing the transaction this quarter.” – Mike Novogratz, CEO and Founder, Galaxy Digital
Strategic Moves and Market Visibility
CEO Mike Novogratz is a key player in this transition, having previously advocated extensively for cryptocurrency adoption. Following shareholder approval on May 9, 2025, the domestication process is essential for increasing the company’s appeal to U.S. investors.
By relocating from the Cayman Islands to Delaware, Galaxy Digital aims to implement corporate restructuring that favors its Nasdaq ambitions. This move promises greater liquidity and visibility among mainstream markets, thereby potentially boosting its market valuation.
Industry Trends and Regulatory Alignment
This strategic redomicile aligns with broader industry trends, as seen in the direct listing of Coinbase and SPAC merger of Bakkt. Delaware’s business-friendly environment offers a legal framework conducive to corporate governance efficiencies, establishing a solid foundation for such transitions.
Expected to finalize in mid-May 2025, the reorganization could provide a substantial institutional presence for the company. With historical precedents backing these moves, Galaxy Digital’s position in sectors like asset management and trading may further strengthen in alignment with technological advancements and regulatory developments.
