Galaxy Digital - a leading financial and investment company in the digital asset sector - is preparing for a historic milestone: listing its shares on the Nasdaq Global Select Market on May 16. If approved by shareholders in the meeting on May 9, this will be one of the most notable IPOs in the crypto market since President Donald Trump returned to the White House with a technology-friendly policy.



The leap from Toronto to Wall Street


#GalaxyDigital went public on the Toronto Stock Exchange nearly 5 years ago. However, the company now wants to "play bigger" in the U.S. market - which is showing explosive investment potential in the digital asset and artificial intelligence (AI) sectors.


Galaxy's Class A shares will trade on Nasdaq under the ticker GLXY, while still maintaining a presence on the Toronto exchange in the initial period. Although it is not yet clear how long the company will keep both exchanges, the main goal of this listing is very clear:



Attracting huge capital inflows from American investors and elevating the company to become a safe bridge between traditional investors and the digital asset ecosystem - AI.




Why did Galaxy Digital choose Nasdaq Global Select?


Nasdaq Global Select Market is the highest tier in the Nasdaq exchange system, gathering 1,200 of the largest companies in the Nasdaq Composite Index. Being part of this group helps Galaxy:



  • Deeper access to American investment capital, especially from large institutions.



  • Increasing liquidity for current shareholders.



  • Enhancing credibility, especially in the eyes of traditional investors.




CEO Mike Novogratz shares:



"Listing on Nasdaq will be a pivotal milestone, helping Galaxy get closer to its vision of becoming a gateway for investors to safely access the entire digital asset and AI ecosystem."




Favorable context: Trump promotes AI and crypto


Galaxy's listing move comes amid President Donald Trump's administration strongly promoting technology-friendly policies, especially in crypto and AI:



  • Mr. #TRUMP is committed to making the U.S. the "capital of artificial intelligence and cryptocurrency."



  • The new government has issued several decrees to reduce the SEC's oversight of crypto companies.



  • Many AI experts and venture capitalists have been appointed to senior positions in the government.



  • Initiatives to strengthen technology and AI infrastructure are continuously being implemented.




All of this creates an unprecedented open legal and political environment for the crypto sector, providing a significant advantage for companies like Galaxy Digital.



Combining AI and crypto - Galaxy's dual strategy


Not only focusing on blockchain and cryptocurrency, Galaxy Digital is expanding into the AI field, recently collaborating with CoreWeave - a cloud computing startup specializing in AI. This shows that Galaxy is preparing for a future where AI and crypto will intertwine like two pieces of a puzzle in the new financial-technology ecosystem.


Galaxy's orientation is no longer simply "crypto-native", but "infrastructure-native", building a financial bridge between AI, blockchain, and traditional investment models.



Stock prices and market expectations


Currently, Galaxy Digital shares are trading at $21.72, up 3% in the last 24 hours. If the listing deal #NASDAQ is successful, analysts expect:



  • GLXY shares will attract institutional capital from the U.S., which is still on the sidelines of the crypto market.



  • The company's value will significantly increase thanks to easier access to capital.



  • Galaxy will be in a better position to acquire blockchain and AI startups, expanding its investment ecosystem.





The final decision rests with the shareholders


Although the plan has been announced, everything will only proceed if approved by shareholders in a special meeting on May 9. With market momentum and a clear strategic orientation, it is highly likely that Galaxy will receive a nod from shareholders.



Impact on Binance users and the crypto market


Galaxy Digital's listing on Nasdaq marks an important step for the digital asset industry, not only in terms of reputation but also in capital flow.



  • Users on Binance and major exchanges will indirectly benefit from such listings, as they help raise traditional market awareness about crypto.



  • The presence of companies like Galaxy on the U.S. stock exchange will also soften the conservative views of traditional finance, paving the way for funds, institutions, and large investors to access the crypto market through mainstream financial products.




In particular, Galaxy is also one of the influential organizations supporting the development of crypto ETF funds, institutional DeFi finance, and AI models integrated with Web3 - areas that the Binance community is closely monitoring.



Risk Warning: The crypto market is always subject to major volatility and is influenced by policies, technology, as well as investor sentiment. The information in the article is for reference and does not constitute investment advice. Users need to research carefully and manage risks according to their personal financial capabilities.