Galaxy Digital secures FCA license

Galaxy Digital received a regulatory boost after the Financial Conduct Authority from the United Kingdom approved a license request for its subsidiary, Galaxy Digital UK Limited.

The FCA license will allow Digital galaxy To extend its commercial derivatives to customers in the United Kingdom via its London office. Galaxy Investment Banking will also use the license to offer its recovery and investment banking solution to customers in the United Kingdom, the company said in a press release.

The NOD FCA also allows Galaxy Digital, founded by Crypto Entrepreneur and Investor Mike Novogratz To extend its asset management activities through the regulated subsidiary.

“Obtaining the authorization of the FCA is a pivotal realization for the Galaxy group, because it allows us to provide innovative commercial solutions to institutional customers while maintaining the highest regulatory standards. London is a critical financial hub, and this authorization allows us to deepen our presence in the United Kingdom, aligning with our mission to fill traditional finances with digital actions, “said Leon Marshall, the chief of the Galaxy.

The license is added to the Galaxy Digital expansion imprint, including the head office, which has more than 1,300 institutional commercial counterparts. Its global presence includes offices in Chicago, Hong Kong and Tokyo.

Cryptography Rules becomes more and more clear, including the United Kingdom and through Europe via the rules of the European Union markets in crypto.

In this environment, Galaxy considers the FCA license as an important step that will improve the compliance efforts of the company. It also positions the company of digital assets and blockchain to meet the growing demand for the expanding institutional investor market.

“With a strong emphasis on the attraction of innovation capital, the British government has favored an environment conducive to the growth of transformative technologies as well as digital assets. This clarity attracts talents, investment and innovation in the region, reinforced by the country’s deep talent basin, world -class university institutions and business spirit, “added Marshall.

Galaxy Digital was recently in the news after the New York Prosecutor General announced a $ 200 million regulations On the involvement of the company with Luna.

The company also attracted a bullish perspective following its announcement of an artificial intelligence accommodation agreement of 15 years with Coreweave.