The acquisition is scheduled to follow Galaxy's domestication in Delaware, which is expected to become effective between Q2 and Q4 of 2022.
BitGo News

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The bullish setup also emerged as crypto custodian BitGo announced that it would add AVAX to its service portfolio.
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After initiating the BitGo acquisition in May, Galaxy Digital expects to close the deal in the first three months of 2022.
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Stacks is bridging decentralized finance and the Bitcoin network. BitGo users will now have access to BTC yield directly through STX tokens.
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The rise of crypto custody continues as more institutional investors seek exposure to Bitcoin, Ether and decentralized finance.
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Arianna Simpson has been a general partner at 16z for more than a year as the venture capital firm has led several high-profile raises for crypto and blockchain companies.
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Crypto debit cards continue to catch on as an Australian digital assets startup gets approval from Visa to release a spending card down under.
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More than $6 billion worth of Bitcoin is now tokenized on Ethereum as WBTC.
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Under the acquisition’s terms, BitGo shareholders will get 33.8 million in newly issued shares of Galaxy Digital, in addition to $265 million in cash.
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Goldman Sachs-backed crypto custodian BitGo has acquired a New York Trust license to operate as an independent custodian in the state.
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BitGo has hired a former Coinbase compliance officer following a $98,000 settlement with the U.S. Treasury.
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The settlement repeats the Treasury's message that crypto companies will need to know their customers.
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Digital assets under custody reached a new milestone this month, BitGo says.
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Shortly after it was revealed PayPal will launch crypto payments in 2021, rumors are circulating that the payments giant is looking to purchase a digital asset custodian.
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Digital asset financial services firm BitGo has formally applied for a New York Trust Charter from the NYDFS.
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