Galaxy Digital announced October 29 that its Galaxy Digital LP subsidiary had applied to the Office of the Comptroller of the Currency to establish Galaxy National Bank.
The proposed national trust bank would be headquartered in New York. Galaxy said it would offer digital-asset custody, trading and staking, along with fiduciary investment advisory services, under OCC supervision if approved.
The filing is an application, and the announcement does not establish that a charter has been granted. Galaxy’s stated plan to serve clients nationwide through one federal framework remains dependent on regulatory action.
The company said it already holds more than 50 licenses across the United States, Europe and Asia through its businesses. It also cited a subsidiary’s recently granted New York BitLicense and Money Transmission License for institutional digital-asset trading and custody.
Those existing permissions are separate from the new federal application. Galaxy’s release identified possible approval conditions involving capital, liquidity, governance and compliance, as well as uncertainty over the review’s timing and outcome.
This report describes Galaxy’s announcement of the proposed institution; it does not assess the suitability of its services for individual investors.
Sources: Galaxy Digital — October 29 Charter Application Announcement: https://www.prnewswire.com/news-releases/galaxy-applies-for-national-trust-bank-charter-302923368.html