Galaxy Digital Granted Rights to Underwrite Registered Public Securities Offerings

Galaxy Digital, the crypto investment bank created by Michael Novogratz, has recently gained approval from the Financial Industry Regulatory Authority (FINRA) to engage in a new kind of operation. Now, the digital bank will be able to underwrite registered public offerings of securities in the U. S.

This plan has not started today. Galaxy Digital was already planning to work on token offerings for a while now. Novogratz, the founder of the company, has worked on Goldman Sachs before, so he really understands the financial market very well. According to him, underwriting securities offerings can be a huge opportunity for the company to expand the reach of its services.

According to Novogratz, the crypto industry is still very young and so is the company. Because of this, he believes that the right way to go is to be sober and patient. This way, the business will naturally grow over time, which is exactly what it is doing right now.

The executive also affirmed that one of the reasons to get this new approval was because there are already some signs that this is a space in which growth is possible.

Speaking about growth, some companies in the industry are already interested in Initial Public Offerings (IPOs). Bitmain and Coinbase, for instance, are two large firms of the crypto space which were already reported to be interested in this kind of move.

With the growth of the industry, we’ll possibly see many other companies entering this market as well.

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Hank Klinger
Hank Klinger
Hank Klinger has been working online for seven years now. He has written for several national companies. Hank has been a part of our team for over three years, reviewing ICOs, new cryptocurrencies and helping us keep up to date with industry news. His primary knowledge is in marketing, sales, and advertising, and he uses that knowledge to research and pick out reliable sources of information to use as a basis for his writing.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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