The cryptocurrency bank run by Mike Novogratz – Galaxy Digital LP – will reportedly appear on Canada's exchange TSX Venture in August.
According to the news reports, the New York-based company will start trading on TSX Venture Exchange in Toronto on August 1 as the separate instrument – GLXY token.
This was a difficult way for ex-partner of Goldman Sachs taking into account a lack of confirmed auditing over the past two years for IPO. As a result, the crypto bank has followed another path and was acquired by the shell company that is presented on the exchange.
As Mike Novogratz stated, the Canadian authorities had been checking the company within an 8-month period, and thus the listing was rescheduled from April till August.
“If I knew what I know now, knew the crypto markets were going to swoon as much, and it was going to take so long, I might have stayed private for another year or so and then gone public," he said to the media.
At the same time, Brady Fletcher from TSX Venture said that the process can be longer than businessmen wanted due to specific requirements for the listing. However, he added, the exchange welcomes the new company to appear in the listing.
Notably, the crypto businessman intends to enter trading platforms in Frankfurt, Hong Kong and London.
“We’re going to be a global company; we want to be globally traded," he said.