Galaxy Digital · New York · Goldman Sachs · U.S. · Bitcoin.com News
Mike Novogratz’s Galaxy Lands Bitlicense to Serve New York Hedge Funds and RIAs
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Galaxy Digital secured a Bitlicense and Money Transmission License from the New York State Department of Financial Services (NYDFS) on May 18, allowing the company to offer regulated digital asset services to institutions across New York State.
Key facts
- Galaxy Digital secured a Bitlicense and Money Transmission License from the New York State Department of Financial Services (NYDFS) on May 18, allowing the company to offer regulated digital asset
- Goldman Sachs exited its XRP and solana ETF positions during Q1 2026 while sharply reducing exposure to ether funds
- The licenses add New York to a regulatory footprint that spans more than 50 global approvals
- Galaxyone Prime NY, the Galaxy entity designated to serve New York clients, received the approvals, giving the firm direct access to one of the most capital-dense markets in the United States
Summary
Galaxy Digital received a Bitlicense from NYDFS on May 18, 2026, unlocking New York’s institutional market. Galaxyone Prime NY now serves hedge funds and RIAs with access to $9 billion in managed digital assets. Galaxy’s global regulatory footprint grows past 50 licenses as CEO Mike Novogratz targets deeper institutional capital. Galaxyone Prime NY, the Galaxy entity designated to serve New York clients, received the approvals, giving the firm direct access to one of the most capital-dense markets in the United States.