Galaxy Digital Wins Major Money Transmitter License in New York

Lockridge Okoth

(05:31 PM UTC)

1 min read

Galaxy Digital secured a BitLicense and Money Transmitter License from the New York State Department of Financial Services on May 18, granting the Nasdaq-listed firm direct access to institutional clients across the state.

The approval covers GalaxyOne Prime NY, the entity that will serve registered investment advisors, hedge funds, and family offices in what founder Mike Novogratz described…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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