Big news for Galaxy Digital UK! The branch of Mike Novogratz’s digital asset financial services firm has just gotten the go-ahead from the Financial Conduct Authority (FCA) for a license that will allow them to trade derivatives right here in the U.K.

And that’s not all – according to a statement they shared on Wednesday, this FCA thumbs-up will also enable their Investment Banking team to provide services like capital raising and investment banking. Plus, the UK arm of Galaxy will be supporting their asset management side of the business with getting funds distributed.

For those keeping score, Galaxy Digital UK is officially listed on the FCA’s investment firms register. This register is specifically for businesses authorized to perform MiFID investment services and activities. Fun fact: Galaxy actually joined the FCA’s crypto register a couple of years back in 2021, too.

Leon Marshall, CEO of Galaxy Europe and Global Head of Sales, put it this way: “London is a really important financial center, and getting this authorization lets us build a stronger presence in the U.K. It really fits with what we’re trying to do – connect the world of traditional finance with the exciting digital asset space.”

The U.K. seems to be quite the magnet for crypto companies, attracting names like Coinbase and Bitpanda. Even BlackRock recently secured a spot on the U.K.’s crypto register.