Galaxy Digital Holdings Ltd. (TSX: GLXY) announced that the UK’s Financial Conduct Authority (FCA) has approved the application of its UK subsidiary, Galaxy Digital UK Ltd, a license to execute derivatives trading through its London office.
This approval marks an expansion of Galaxy’s global trading operations and underscores their commitment to “operating within rigorous regulatory frameworks and enhancing our offerings in one of the world’s leading financial markets.”
In addition to trading’s expansion, Galaxy Investment Banking will use Galaxy Digital UK’s FCA license to provide “capital raising and investment banking services from the London office, with Galaxy Digital UK also supporting the Galaxy Asset Management business with fund distribution activities.”
Leon Marshall, CEO of Galaxy Europe and Global Head of Sales saidL
“Obtaining FCA authorisation is a pivotal achievement for the Galaxy group, as it allows us to deliver innovative trading solutions to institutional clients while maintaining the highest regulatory standards. London is a critical financial hub, and this authorisation allows us to deepen our presence in the UK, aligning with our mission to bridge traditional finance with the digital asset ecosystem.”
With over 1,300 institutional trading counterparties and global offices across North America, Europe, and Asia, this FCA license “enhances Galaxy’s ability to meet the growing institutional demand for digital assets globally, reinforcing our position as one of the largest derivatives players in the digital assets ecosystem.”
Mr. Marshall added:
“The UK’s approach to creating a stable and forward-thinking regulatory framework for crypto assets positions it as a leader in the global digital asset landscape. With a strong focus on attracting innovation capital, the UK government has fostered an environment conducive to the growth of transformative technologies like digital assets. This clarity is drawing top talent, investment, and innovation to the region, bolstered by the nation’s deep talent pool, world-class academic institutions, and entrepreneurial spirit.”
As covered, Galaxy is a global enabler of digital assets and data center infrastructure, delivering solutions “that accelerate progress in finance and artificial intelligence.”
Their digital assets platform offers institutional access “to trading, investment banking, asset management, staking, self-custody, and tokenization technology.”
In addition, they invest in and operate data center infrastructure “to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S.”
The company is headquartered in New York City, with “offices across North America, Europe, the Middle East and Asia. “