Galaxy Digital Holdings Ltd. (NASDAQ:GLXY) secured a major regulatory win on Monday as the New York State Department of Financial Services granted the firm a BitLicense and Money Transmission License.

Why The License Matters

The license will expand Galaxy’s ability to serve institutional crypto clients in one of the industry’s most tightly regulated markets.

The approval allows GalaxyOne Prime NY to offer regulated digital asset trading and custody services to institutions across New York, including registered investment advisors, hedge funds and family offices.

“New York is home to the deepest pool of institutional capital in the country, and digital assets are no longer sitting at the edge…

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