Galaxy scores New York BitLicense to offer digital asset services in the state
The Block
Galaxy Digital has secured a BitLicense and Money Transmission License from New York regulators to provide crypto services in the state.Summary
Galaxy Digital has been granted a BitLicense and Money Transmission License by the New York State Department of Financial Services. This regulatory approval, issued to the subsidiary GalaxyOne Prime NY, enables the firm to provide digital asset trading and custody services to institutional and business clients in New York. CEO Mike Novogratz emphasized the importance of this milestone, noting that it allows Galaxy to tap into the region's significant pool of institutional capital.
(Source：The Block)