Galaxy Digital UK has earned an FCA license, boosting derivatives trading capabilities in London.
Takeaway Points
- Galaxy Digital UK has earned FCA License.
- The aim is to boost derivatives trading capabilities in London.
- This FCA license increases Galaxy’s ability to meet the growing institutional demand for digital assets worldwide.
- Galaxy Digital UK will also support the Galaxy Asset Management business with fund distribution activities.
- The Galaxy digital assets platform offers institutional access to trading, investment banking, asset management, staking, self-custody, and tokenization technology.
- The company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia.
UK’s Financial Conduct Authority
Galaxy Digital Holdings Ltd, on Wednesday, said that the UK’s Financial Conduct Authority (FCA) has approved the application of its UK subsidiary, Galaxy Digital UK Ltd, a license to execute derivatives trading through its London office. This approval marks a significant expansion of Galaxy’s global trading operations and emphasizes their commitment to operating within strict regulatory frameworks and increasing its offerings in one of the world’s leading financial markets.
Leon Marshall, CEO of Galaxy Europe and Global Head of Sales, said, “Obtaining FCA authorisation is a pivotal achievement for the Galaxy group, as it allows us to deliver innovative trading solutions to institutional clients while maintaining the highest regulatory standards. London is a critical financial hub, and this authorisation allows us to deepen our presence in the UK, aligning with our mission to bridge traditional finance with the digital asset ecosystem.”
Mr. Marshall added, “The UK’s approach to creating a stable and forward-thinking regulatory framework for crypto assets positions it as a leader in the global digital asset landscape. With a strong focus on attracting innovation capital, the UK government has fostered an environment conducive to the growth of transformative technologies like digital assets. This clarity is drawing top talent, investment, and innovation to the region, bolstered by the nation’s deep talent pool, world-class academic institutions, and entrepreneurial spirit.”
The FCA License
This FCA license increases Galaxy’s ability to meet the growing institutional demand for digital assets worldwide, strengthening its position as one of the largest derivatives players in the digital assets ecosystem, the report stated.
According to Galaxy, its investment banking will use Galaxy Digital UK’s FCA license to provide capital raising and investment banking services from the London office, with Galaxy Digital UK also supporting the Galaxy Asset Management business with fund distribution activities.
About Galaxy
Galaxy (TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Their digital assets platform offers institutional access to trading, investment banking, asset management, staking, self-custody, and tokenization technology.
In addition, they invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. 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 the website.
