Galaxy Digital UK, the subsidiary of the request for Financial Services Digital Asset Financial of Mike Novograph, the application for a license to execute the trade of derivatives in the United Kingdom has been approved by the Financial Behavior Authority (FCA).
The firm’s investment bank arm will also use the FCA Authorization of Galaxy Digital UK to provide capital collection and investment banking services, according to a statement on Wednesday. The Galaxy UK subsidiary will also support its asset management business with fund distribution activities.
Galaxy Digital UK is in the INVERSIONS REGISTRY of the FCA, which is for companies authorized to carry out MIFID investment services or activities. Galaxy also joined the FCA Crypto Registry in 2021.
“London is a critical financial center, and this authorization allows us to deepen our presence in the United Kingdom, aligning with our mission of closing traditional finances with the digital asset ecosystem,” said Leon Marshall, CEO of Galaxy Europe and global sales head.
The United Kingdom has attracted cryptographic companies such as Coinbase, Bitpanda and more recently assigned Blackrock to Slot in its cryptography record.
