Mike Novogratz: Galaxy Digital prepares for Nasdaq listing
@novogratz: Galaxy Digital Nasdaq plans
Mike Novogratz, founder and CEO of Galaxy Digital, announced that the company has reached a significant milestone in its path to a Nasdaq listing.
Galaxy Digital's registration statement has been declared effective by the United States Securities and Exchange Commission (SEC). This advancement paves the way for a potential listing on the Nasdaq exchange following approval at the upcoming shareholder meeting on May 9. The listing is contingent upon the completion of the company's reorganization.
The move to Nasdaq signifies Galaxy Digital's ambitions to expand its reach and solidify its position within the financial technology sector. The firm's focus on blockchain and digital asset investments aligns well with the evolving landscape of financial services.
Galaxy's efforts to list on a major exchange mirror a broader trend of cryptocurrency and blockchain-focused companies transitioning into traditional financial markets. This step also reflects increased regulatory scrutiny and compliance measures aimed at integrating digital assets into mainstream financial frameworks.
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In the previous news, tweet author Mike Novogratz discussed global wealth distribution among the affluent non-Americans.
