Galaxy Digital UK, the subsidiary of the application of the financial services company on the financial services of the Asset of Mike Novogratz for a license to execute the derivative trade in the United Kingdom was approved by the Financial Conduct Authority (FCA).
According to a press release, the company’s investment banking branch will also use the Galaxy Digital UK FCA services to provide recovery and investment banking services, according to a press release. The Galaxy UK subsidiary will also support its asset management activities with fund distribution activities.
Galaxy Digital UK is on the FCA investment companies register, which concerns companies authorized to carry out MIFID investment services or activities. Galaxy also joined the FCA cryptographic register in 2021.
“London is an essential financial center, and this authorization allows us to deepen our presence in the United Kingdom, aligning our mission to fill traditional finance with the digital asset ecosystem,” said Leon Marshall, CEO of Galaxy Europe and the world sales manager.
The United Kingdom has attracted crypto societies like Coinbase, Bitpanda and recently attributed to BlackRock a slit in its cryptographic register.
