Galaxy Digital, linked to Mike Novogratz, has secured a bitlicense enabling it to service hedge funds and RIAs operating in New York.

Regulatory Approval in New York

Galaxy Digital obtained a Bitlicense and a Money Transmission License from the New York State Department of Financial Services (NYDFS) on May 18, allowing it to provide regulated digital‑asset services to institutional clients across New York State. The Bitlicense was granted to Galaxyone Prime NY, the subsidiary designated to serve New York customers.