Galaxy Digital Applies to Establish Galaxy National Bank

On October 29, Galaxy Digital's subsidiary Galaxy Digital LP applied to the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, Galaxy National Bank, headquartered in New York. If approved, the bank will operate under OCC supervision, providing digital asset custody, trading, staking, and fiduciary investment advisory services. Galaxy's founder and CEO Mike Novogratz stated that the national trust charter will help bring more business under a unified federal framework and expand customer services. The company currently holds over 50 licenses and regulatory approvals across the U.S., Europe, and Asia, including SEC-registered broker-dealer, CFTC-registered swap dealer, and recently approved New York BitLicense and money transmission licenses. The application is still pending OCC approval.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.