Galaxy Digital UK Secures FCA License for Derivatives Trading

Galaxy Digital UK, a subsidiary of the digital asset financial services firm led by Mike Novogratz, has received approval from the Financial Conduct Authority (FCA) for a license to execute derivatives trading in the UK. This authorization allows Galaxy Digital UK to expand its operations and offer a broader range of financial services to its clients.

The firm's Investment Banking arm will leverage Galaxy Digital UK’s FCA authorization to provide capital raising and investment banking services. Additionally, the subsidiary will support its asset management business with fund distribution activities. Galaxy Digital UK is listed on the FCA's investment firms register, which includes firms authorized to perform MiFID investment services or activities. The company also joined the FCA's crypto register in 2021.

Leon Marshall, CEO of Galaxy Europe and Global Head of Sales, highlighted the significance of this authorization, stating, "London is a critical financial hub, and this authorization allows us to deepen our presence in the UK, aligning with our mission to bridge traditional finance with the digital asset ecosystem." This approval underscores the UK's leadership in the global digital asset landscape, attracting innovation and investment to the region.

Galaxy Digital Holdings is a global leader in digital assets and data center infrastructure, providing solutions that enhance progress in finance and artificial intelligence. The company offers institutional access to trading, investment banking, asset management, staking, self-custody, and tokenization technology. Additionally, Galaxy invests in and operates advanced data center infrastructure to support AI and high-performance computing, addressing the increasing demand for scalable energy and compute solutions.

The FCA's approval is a strategic move for Galaxy Digital, as it aligns with the company's broader vision of becoming a comprehensive digital asset solutions provider. By securing this license, Galaxy Digital can now offer a wider range of financial services to its clients, including derivatives trading, which is a critical component of institutional investment strategies. This expansion is expected to drive further growth and innovation within the company's operations.

The UK's regulatory framework for crypto assets is seen as a leader in the global digital asset landscape, attracting innovation and investment to the region. Galaxy Digital's approval to execute derivatives trading in London is a significant step forward in its global expansion strategy. The company's ability to operate within this regulatory environment will likely attract more institutional clients, further solidifying its position in the market.

In summary, Galaxy Digital Holdings' approval from the FCA to execute derivatives trading in the UK is a major milestone for the company. This regulatory approval not only expands Galaxy Digital's global trading operations but also strengthens its investment banking and asset management services. The company's commitment to operating within rigorous regulatory frameworks and its leadership in the digital assets ecosystem position it well for future growth and innovation.