Galaxy Digital intends to offer stocks on the Nasdaq Global Select Market.

Galaxy Digital Holdings, a consequence of the pro-cryptospheric tilt of U.S. national authorities and policymakers, announced on Wednesday in a statement that the company plans to record on the Nasdaq Global Select Market next month.

According to a speech from Galaxy Digital, the list is cautiously going live on May 16 and is subject to investor approval. The company’s Group A prevalent stock will deal under the GLXY homepage.

According to Galaxy CEO Mike Novogratz, Galaxy Digital hopes to increase its access to capital, increase its rankings to U.S. owners, and provide greater profitability for shareholders with its listing on the World Select Market. &nbsp,

We think listing on the Nasdaq would be a significant step forward for Galaxy in terms of advancing our goal of creating a safe and effective doorway for investors to get every aspect of the online resource and artificial brains communities, Novogratz said on Wednesday in a statement. &nbsp,

The Trump administration generally champions BigTech and the crypto industry, so Galaxy Digital’s drive to list its shares on a main U.S. exchange comes as it presses its shares to list on a major U.S. exchange. The largest 1, 200 businesses in the Nasdaq Composite Index’s international find business are included on the exchange. &nbsp,

Donald Trump, the newly elected president of the United States, has thrown his weight behind his campaign promise to make the country the “world investment of artificial intelligence and crypto,” issuing numerous pro-tech professional orders, and appointing VC and AI researchers to important posts in his presidency. The leader has also supported efforts to promote faster AI growth and called on the Securities and Exchange Commission to lessen its oversight of bitcoin companies. &nbsp, &nbsp,

The list comes almost five years after Galaxy Digital’s launch on the Toronto Stock Exchange and as a result of the company’s expansion into AI through its agreement with cloud-computing business CoreWeave.

Galaxy Digital shares recently increased by 3 % over the previous 24 hours to reach$ 21.72.

Galaxy will continue to have shares listed on the Toronto Stock Exchange for a while after listing on the World Select Market.

Galaxy Digital stocks won’t get listed on either exchange for how long, exactly. &nbsp,

ask for comment on the matter was not immediately returned by the business.

During a particular meeting of owners on May 9, investors will vote on or reject the list strategy for Galaxy Digital.