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Galaxy Digital Secures New York BitLicense and Money Transmitter License

Approval opens direct access to New York’s institutional clients under one of the toughest U.S. crypto regimes.

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Mike novogratz’s galaxy lands bitlicense to serve new york hedge funds and rias

Overview

  • GalaxyOne Prime NY received a New York BitLicense and money transmitter license Monday, allowing it to run regulated trading and custody for institutions across the state.
  • The approvals give hedge funds, registered investment advisers, and family offices access to Galaxy’s platform, which manages about $9 billion in client assets.
  • The move expands Galaxy’s regulatory footprint to more than 50 licenses and makes it only the second BitLicense recipient in 2026 after Strike.
  • Shares of GLXY fell 7.95% Monday to $27.25 after early gains faded despite the regulatory win.
  • The licenses arrive after a first‑quarter net loss of $216 million as Galaxy highlights growth from its data‑center and AI compute business to balance crypto market swings.