‘$60 Billion Trapped’—Inside The Plumbing Problem Kraken’s IPO Exposed [Forbes]
Galaxy Digital Inc. - Class A common stock (GLXY)
Company Research
Source: Forbes
"That's our mission," he said. "How do we make all these products open?" Sethi used the appearance to confirm that Kraken's confidential S-1 with the Securities and Exchange Commission is still active, first filed in November 2025 and paused this March when markets softened. The product Kraken wants to sell retail is the same product its institutional desk already sells: tight spreads, fast settlement, credit lines. Two founders building the middleware that would make that product work at scale say the plumbing underneath is still a decade behind foreign exchange. "No matter what your views on Bitcoin or Ethereum, that new capital wants to enter this space," BridgePort CEO Nirup Ramalingam told me on my podcast On The Margin . "So we have to build an infrastructure that's needed for them." Roughly $60 billion sits trapped in pre-funded accounts across crypto exchanges, according to BridgePort, because institutions do not trust the venues enough to leave assets there. And the off-cha
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News
- Galaxy Research Has A Timeline for MicroStrategy Bitcoin Stash To Overtake Satoshi's [Yahoo! Finance]Yahoo! Finance
- Galaxy Digital (GLXY) had its "buy" rating reaffirmed by Rosenblatt Securities. They now have a $39.00 price target on the stock.MarketBeat
- Galaxy Digital (GLXY) had its price target lowered by Piper Sandler from $42.00 to $36.00. They now have an "overweight" rating on the stock.MarketBeat
- BlackRock Picks Galaxy Digital (GLXY) to Power Its New Staking ETF [Yahoo! Finance]Yahoo! Finance
- Crypto's last shot? This risks sinking the Clarity Act before midterms, warns Galaxy analyst [Yahoo! Finance]Yahoo! Finance
GLXY
Earnings
- 2/3/26 - Beat
GLXY
Sec Filings
- 4/8/26 - Form ARS
- 4/8/26 - Form DEFA14A
- 4/8/26 - Form DEF
- GLXY's page on the SEC website