Crypto
Galaxy secures New York BitLicense to expand institutional crypto services
Galaxy Digital received a BitLicense and a money transmitter licence from the New York State Department of Financial Services to expand digital-asset services for institutional clients in New York. The licences were granted to its subsidiary GalaxyOne Prime NY, which provides trading and financing services to institutional investors. CEO Mike Novogratz said the approval would help broaden institutional access to digital assets. New York’s BitLicense, introduced in 2015, requires extensive compliance.
