Galaxy Digital Inc., a global leader in digital assets and data center infrastructure, announced that the New York State Department of Financial Services (NYDFS) has granted GalaxyOne Prime NY, the Galaxy entity that will serve New York clients, a BitLicense and Money Transmission License, authorizing the Company to offer regulated digital asset services to institutions across the state.
New York joins Galaxy’s regulatory footprint of more than 50 global licenses. Institutions in the state — including registered investment advisors, hedge funds, and family offices — can now access Galaxy’s full suite of trading and custody services, backed by a digital asset business managing $9 billion in client assets.
“New York is home to the deepest pool of institutional capital in the country, and digital assets are no longer sitting at the edge of those allocations,” said Mike Novogratz, Founder and CEO of Galaxy. “Galaxy was built to meet that demand, and now we can better serve New York’s institutions directly.”
Source: Galaxy
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