Galaxy Digital, Valued at $7.5B, Uplists to Nasdaq as GLXY Amid Tokenization Talks

Galaxy Digital, a cryptocurrency financial services firm led by Michael Novogratz, has completed its uplisting to the Nasdaq and began trading under the new symbol GLXY. With a market capitalization of approximately $7.5 billion, this move marks a key development in its journey to becoming a publicly traded entity on a major U.S. exchange. Novogratz described the path to listing on Nasdaq as ‘unfair and infuriating,’ highlighting the challenges and costs associated with regulatory scrutiny in the U.S. He noted that the process, which typically takes 45 to 90 days, extended to 1,320 days for Galaxy Digital, costing over $25 million. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io