Galaxy Receives BitLicense from the New York State Department of Financial Services
Approval authorizes Galaxy to offer regulated digital asset services to institutions across New York State
NEW YORK, May 18, 2026 /CNW/ - Galaxy Digital Inc. (NASDAQ:GLXY) (the "Company" or "Galaxy"), a global leader in digital assets and data center infrastructure, today announced that the New York State Department of Financial Services (NYDFS) has granted GalaxyOne Prime NY, the Galaxy entity that will serve New York clients, a BitLicense and Money Transmission License, authorizing the Company to offer regulated digital asset services to institutions across the state.
New York joins Galaxy's regulatory footprint of more than 50 global licenses. Institutions in the state — including registered investment advisors, hedge funds, and family offices — can now access Galaxy's full suite of trading and custody services, backed by a digital asset business managing $9 billion in client assets.
"New York is home to the deepest pool of institutional capital in the country, and digital assets are no longer sitting at the edge of those allocations," said Mike Novogratz, Founder and CEO of Galaxy. "Galaxy was built to meet that demand, and now we can better serve New York's institutions directly."
About Galaxy
Galaxy Digital Inc. (NASDAQ:GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com.
CAUTION ABOUT FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and "forward-looking information" under Canadian securities laws. Our forward-looking statements include, but are not limited to, statements regarding our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. Statements that are not historical facts are forward-looking statements. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, including, but not limited to, the risks contained in filings we make with the Securities and Exchange Commission (the "SEC") from time to time, including in our Annual Report on Form 10-K for the year ended December 31, 2025 and our Quarterly Report on Form 10-Q for the period ended March 31, 2026, and available on Galaxy's profile at www.sec.gov. Except as required by law, we assume no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements.
©Copyright Galaxy Digital 2026. All rights reserved.
View original content to download multimedia:https://www.prnewswire.com/news-releases/galaxy-receives-bitlicense-from-the-new-york-state-department-of-financial-services-302774358.html
SOURCE Galaxy Digital Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2026/18/c6287.html