AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights:
Galaxy Digital is positioned within the crypto-focused financial services sector and trades on the TSX and TSXV.
The company has filed plans for a NASDAQ listing in the United States.
A reverse share consolidation has been announced in preparation for the U.S. listing.
Galaxy Digital Holdings Ltd. (TSX:GLXY) operates within the digital asset and blockchain-focused financial services sector. It is listed on the TSX and TSXV indexes, reflecting its dual presence in Canadian capital markets. The company provides asset management, trading, and infrastructure solutions tailored to the cryptocurrency ecosystem.
Galaxy Digital serves clients across institutional and digital finance spaces, integrating traditional market mechanisms with blockchain-based offerings.
Planned Transition to NASDAQ
The company has initiated steps to list on the NASDAQ exchange. As part of this process, regulatory filings have been submitted to the U.S. Securities and Exchange Commission. This move aligns with broader efforts to expand visibility and access within U.S. capital markets.
A U.S. listing often provides increased exposure and compliance with American financial standards, which can shape operational alignment with regulatory frameworks.
Share Consolidation Strategy
To meet NASDAQ's listing requirements, Galaxy Digital has announced a share consolidation. This reverse split adjusts the number of outstanding common shares and is structured to meet exchange thresholds without altering overall valuation.
The consolidation is subject to final approvals and is planned to align with the targeted listing timeline in the United States.
Corporate Governance and Structural Adjustments
The listing plan and share consolidation are being implemented under the direction of the company’s board and executive leadership. These actions are being taken following standard procedural requirements in both Canada and the United States.
Such steps are typically required when transitioning between exchanges with different listing criteria and structural mandates.
Operational Alignment with U.S. Market Entry
Galaxy Digital’s operations are expected to align with U.S. disclosure standards and listing obligations once the transition is completed. This includes updates to reporting practices, regulatory compliance, and investor communications as stipulated by U.S. exchange frameworks. The company continues to operate under existing Canadian regulatory structures during the transition process.
