Galaxy has announced the Financial Conduct Authority’s (FCA) approval for its UK subsidiary, Galaxy Digital UK.
The approval marks a milestone for the crypto-focused financial services firm’s expansion of global trading operations.
It will allow Galaxy to meet what it says is a growing institutional demand for digital assets globally, including allowing the firm to execute derivatives trading through its London office.
“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,” said Leon Marshall, CEO of Galaxy Europe and global head of sales.
In addition to expanding trading, Galaxy Investment Banking will use Galaxy Digital UK’s FCA license to provide capital raising and investment banking services from London.
“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,” said Marshall.
Galaxy Digital UK is also set to assist the Galaxy Asset Management business with fund distribution activities.
“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,” Marshall added.
“With a strong focus on attracting innovation capital, the UK government has fostered an environment conducive to the growth of transformative technologies such as digital assets.”
Galaxy hosts over 1,300 institutional trading counterparties and global offices across North America, Europe, and Asia.
