Galaxy Digital Strengthens UK Presence with Key FCA Derivatives Trading License

FCA License Also Bolsters Investment Banking and Asset Management Operations in the UK
 

Galaxy Digital Holdings Ltd. has announced that its UK subsidiary, Galaxy Digital UK Ltd, has received approval from the UK's Financial Conduct Authority (FCA) to execute derivatives trading through its London office, significantly enhancing the firm's global trading operations.

The regulatory approval strengthens Galaxy's position in one of the world's premier financial centres and demonstrates the company's commitment to operating within established regulatory frameworks. Beyond derivatives trading, the licence will enable Galaxy Investment Banking to provide capital raising and investment banking services from London, while also supporting fund distribution activities for Galaxy Asset Management.

"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. "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."

Galaxy currently maintains relationships with over 1,300 institutional trading counterparties and operates offices across North America, Europe, and Asia. The FCA licence further enhances the firm's capacity to address growing institutional demand for digital assets globally, reinforcing its standing as a major derivatives player in the digital assets ecosystem.

Marshall highlighted the UK's progressive approach to digital asset regulation, noting: "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."

Galaxy, listed on the Toronto Stock Exchange (TSX: GLXY), describes itself as a global leader in digital assets and data centre infrastructure, offering institutional access to trading, investment banking, asset management, staking, self-custody, and tokenisation technology. The company also invests in and operates data centre infrastructure to support AI and high-performance computing. Headquartered in New York City, Galaxy maintains offices throughout North America, Europe, the Middle East and Asia.