Galaxy receives New York BitLicense, to offer digital asset services locally

Odaily Planet Daily: Galaxy Digital announced that it has obtained a BitLicense and money transmitter license from the New York State Department of Financial Services, allowing it to offer digital asset services in New York.

The license applies to its subsidiary GalaxyOne Prime NY, which will provide trading and custody services to New York residents, institutions, and enterprises.

Galaxy stated that New York is home to the deepest pool of institutional capital in the United States, and digital assets are gradually entering the mainstream allocation scope. With this approval, the company will be able to more directly serve institutional clients in New York.