Episode Details

Galaxy Digital Secures New York BitLicense, Expands Institutional Services

Galaxy Digital, led by CEO Mike Novogratz, has received a BitLicense and money transmitter license from New York regulators, enabling their New York branch, GalaxyOne Prime NY, to offer regulated crypto trading and custody services to institutions. This move allows Galaxy to tap into New Yorks significant institutional capital, with digital assets increasingly becoming a part of investment strategies. Galaxy is the second company this year to receive a BitLicense, following Strike in March. The tough New York regulatory framework, which started in 2015, requires strict capital requirements, compliance standards, and cybersecurity reviews. With this new license, Galaxy now holds over fifty licenses worldwide, focusing on institutional trading and custody, and building infrastructure that connects digital assets with AI data centers.

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