Galaxy Digital Wins 2 New York Crypto Licenses, Opening $9 Billion Platform to Institutions
Updated
Updated · Markets Media · May 19
Galaxy Digital Wins 2 New York Crypto Licenses, Opening $9 Billion Platform to Institutions
14 articles · Updated · Markets Media · May 19
NYDFS granted GalaxyOne Prime NY a BitLicense and Money Transmission License, clearing Galaxy Digital to offer regulated digital-asset services to New York institutions.
New York clients — including registered investment advisors, hedge funds and family offices — can now access Galaxy’s trading and custody platform, which manages $9 billion in client assets.
The approval adds New York to Galaxy’s regulatory footprint of more than 50 global licenses, expanding its reach in one of the deepest pools of U.S. institutional capital.
CEO Mike Novogratz said the move lets Galaxy serve rising institutional demand directly as digital assets move further into mainstream portfolio allocations.
Why did Galaxy Digital's stock drop after securing New York’s coveted crypto license?
Is Galaxy's New York license the final key to unlocking Wall Street's full entry into crypto?
As federal crypto charters rise, can New York's strict BitLicense still attract top firms?