2026 · Evidence audit

Galaxy Digital — institutional liquidity provider

Galaxy Digital Inc. is a public company founded in 2018, providing institutional liquidity for digital assets. It holds multiple licenses, including FCA and SEC/FINRA registrations. Self-measured claims regarding its market position and trading metrics should be independently verified.

Galaxy Digital Inc. (public company; SEC EDGAR CIK 1859392). US arms: Galaxy Digital Partners LLC (broker-dealer), Galaxy Digital Capital Management LP (investment adviser). UK: Galaxy Digital UK Limited. · New York City, United States · last re-checked 2026-09 · evidence score 89/100

Licence, read on the register

Regulator	Licence number	Jurisdiction	Tier	Source
FCA	1007925	UK	tier-1	open source ↗
SEC/FINRA (BrokerCheck, Galaxy Digital Partners LLC)	8-70001	US	tier-1	open source ↗

Tier classification follows the same scale as the retail register: tier-1 = FCA/ASIC/CFTC-class supervision, tier-2 = CySEC/FSC-Mauritius/MFSA-class, tier-3 = offshore registration. A tier-2 licence is genuine supervision without an investor compensation scheme — never misread it as tier-1 protection.

What the firm commits to

Claims specific enough to be falsified — and the ones that remain the venue's own measurement.

Testable claims

Own global-markets page states Galaxy Global Markets offers institutional access to OTC and electronic trading, 'operating one of the largest OTC crypto derivatives trading desks', with metrics: 'TRADING COUNTERPARTIES 1.7K+', '50+ Licenses', 'AVERAGE LOAN BOOK SIZE $1.4B in Q2 2026', and 'regulated by the SEC, FINRA, NFA, CFTC, and FCA' (galaxy.com/global-markets, checked 10 Sept 2026)
Own newsroom capital/liquidity update: 'The Company is headquartered in New York City, with offices in Chicago, Jersey City, London, Amsterdam, Tokyo, Hong Kong, and the Cayman Islands (registered office)' (galaxy.com/newsroom/galaxy-digital-provides-updated-capital-and-liquidity-position)
Own global-markets page: 'As a public company, Galaxy is promoting the responsible institutional adoption of digital assets and blockchain technology since 2018' — public-company status separately confirmed live on SEC EDGAR (CIK 1859392, Galaxy Digital Inc.)

Claims we cannot verify from outside

'50+ Licenses' and 'one of the world's leading institutional liquidity providers in the digital asset space' are own marketing metrics without a licence register breakdown
'one of the largest OTC crypto derivatives trading desks' is self-measured

Perimeter and coverage

Asset classes	Venues	Connectivity	Clients accepted	Explicitly refused
Digital-asset spot & OTC, Crypto derivatives, Digital-asset lending & structured products, Staking, Investment banking (digital assets)	Galaxy Global Markets (OTC + electronic trading), GalaxyOne (technology platform)	API/electronic trading, High-touch OTC coverage	Institutional investors, 1.7K+ trading counterparties across 3 continents (own metrics), Banks (BNY infrastructure partnership per own newsroom)

A firm that publishes its own negative space — who it refuses, where it is not licensed — is materially easier to diligence than one that doesn't. The refusal list is treated here as a disclosure, not a defect.