Galaxy Digital Heads to Nasdaq May 16—A New Era for Regulated Crypto Access

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Galaxy Digital is heading to the Nasdaq on May 16 to strengthen its US presence and give investors deeper access to the digital asset and AI sectors. As the crypto market navigates volatility, crypto-linked equities are showing signs of recovery, and institutional investors are taking note.

Officials reported that the Galaxy Digital Nasdaq listing will be subject to exchange and shareholder approval, with a vote on May 9. The company is currently listed on the Toronto Stock Exchange (TSX) and will trade under GLXY during the transition period.

US Presence Through Nasdaq Exposure

Galaxy CEO Mike Novogratz called the Nasdaq listing an important step for the company.

“This is a big step in our mission to build a secure, efficient gateway to digital asset and AI ecosystems,” Novogratz said during the Q1 investor call on April 30.

The Nasdaq listing is also a response to the growing demand from US-based investors for regulated digital asset exposure. Novogratz said the US listing will increase Galaxy’s visibility and capital access in the world’s largest financial market.

The dual listing will make it easier for American investors who may have found it hard to access the company through the TSX. According to Galaxy’s latest SEC filings, the company has already begun discussions with major US institutional partners and anticipates significant trading volume following its listing.

Crypto Stocks Bounce Back as Market Sentiment Stabilizes

After a tough Q1, April was a strong month for several publicly traded crypto companies. According to Google Finance, Coinbase (COIN) rose 17.8%, CleanSpark (CLSK) 21.58%, and MicroStrategy (MSTR) 31.86% as Bitcoin recovered in mid-April and investors returned to crypto infrastructure plays.

This followed weeks of cautious trading, largely due to macroeconomic jitters and policy shifts under the new US administration. A recalibration of market expectations, particularly around inflation and interest rates, also contributed to the optimism. Anthony Pompliano, a crypto investor, tweeted on April 30,

“The Nasdaq 100 ended April up more than 1% and people are still talking about the Great Depression. Insane.”

Galaxy is still down 12.28% YTD on the TSX but has started to narrow its losses in recent days, driven in part by speculation around the Nasdaq listing move and growing demand for regulated crypto exposure.

*Galaxy Digital Nasdaq Listing Scheduled for May 16 Amid Crypto Stock Rebound*

Investor Strategy Shifts to Regulated Crypto Access

Institutional investors, long wary of crypto due to regulatory uncertainty, are starting to show interest in companies that offer regulated multi-asset exposure.

Galaxy Ventures Fund I LP, the company’s venture arm, is expected to raise $175-180m by end of Q2 2025. Reports say the fund will be allocated across 30 early-stage crypto and blockchain startups.

The fund has attracted hedge funds, sovereign wealth investors, and family offices looking for early exposure to digital innovation without holding the underlying tokens.

A Bigger Bet on AI–Crypto Convergence

Galaxy’s Nasdaq listing story isn’t just about crypto. Novogratz has repeatedly said the company’s future growth is tied to the convergence of artificial intelligence and digital assets. Galaxy has quietly built out its AI portfolio, backing companies involved in decentralized compute, zero-knowledge proof generation and AI-enhanced smart contracts.

The company’s AI expansion has attracted tech-focused funds that previously sat on the crypto sidelines. Galaxy is building a cross-sector bridge for capital deployment that aligns with the next wave of digital transformation.

Regulatory Tailwinds and a Sharper Narrative

Galaxy’s move to a US exchange comes as regulators start to provide clearer guidance. The SEC’s recent approvals of several crypto ETFs and the CFTC’s enforcement guidance on DeFi derivatives are seen as signs of maturing oversight. But regulatory issues haven’t gone away.

Critics have warned that a dual-listed structure could create jurisdictional tensions if enforcement narratives diverge between the SEC and the OSC. However, legal experts say dual listings are common in cross-border sectors and offer operational flexibility.

Final Vote: May 9 Shareholder Meeting

The final shareholder vote on May 9 will determine if Galaxy Digital clears the last hurdle to Nasdaq listing. A simple majority is required and institutional shareholder sentiment is looking positive.

If Nasdaq also approves the application, Galaxy will start trading under GLXY on May 16, joining a select group of crypto-native companies on major US exchanges.