Galaxy Digital has received approval from the US Securities and Exchange Commission (SEC) to redomicile in the United States, paving the way for the crypto investment company’s listing on the Nasdaq stock exchange. Galaxy anticipates listing on the Nasdaq by mid-May, subject to approval from the Toronto Stock Exchange and shareholders at a special meeting on May 9. Shareholders must approve redomiciling Galaxy Digital in Delaware before the process can proceed. Galaxy obtained SEC approval for a Nasdaq listing in April and will trade under the GLXY ticker symbol once all necessary approvals are secured. The move follows a trend of crypto firms entering the stock market amid increasing institutional interest in digital assets. Nasdaq-listed Strategy, formerly MicroStrategy, was added to the exchange’s index of the 100 largest companies by market capitalization. Stablecoin issuer Circle filed for an IPO in April, joining other crypto firms like BitGo, Coinbase, and Paxos in considering bank charters in the US. This trend blurs the line between crypto firms and traditional financial institutions, with some companies exploring banking licenses for regulatory compliance. Dante Disparte from Circle clarified that acquiring a banking license is to adhere to regulations, not necessarily to operate as a banking institution. This shift signifies the evolving landscape where crypto firms are integrating with traditional financial systems.