Galaxy Digital is nearing a listing on NASDAQ as the cryptocurrency market sees a rebound in stock prices. The firm, which focuses on digital assets, is positioned to benefit from increased investor interest in crypto-related stocks. Analysts suggest this could signal a broader recovery in the crypto market.

Nasdaq is enhancing its scrutiny of publicly listed companies that are raising funds to acquire cryptocurrencies, requiring shareholder votes and increasing disclosure demands. This move comes in response to a surge in capital raises aimed at digital asset accumulation, with over $98 billion announced since January 2025.

Nasdaq has submitted a proposal to the U.S. Securities and Exchange Commission to amend its rules, allowing the trading of listed stocks and exchange-traded products in both traditional and tokenized forms. This move aligns with rising global investor demand for tokenized assets and comes in the wake of the SEC's recent agenda to facilitate crypto trading on national exchanges.

Crypto exchange Gemini, founded by Cameron and Tyler Winklevoss in 2014, has filed for an initial public offering on the Nasdaq Global Select Market under the ticker symbol "GEMI." This filing comes on the heels of the company's efforts to expand its presence in Europe.