Galaxy Digital, the crypto-focused financial services firm led by Mike Novogratz, has closed its first externally raised venture fund at $175 million, exceeding an initial $150 million target
Galaxy Digital, the crypto-focused financial services firm led by Mike Novogratz, has closed its first externally raised venture fund at $175 million, exceeding an initial $150 million target, according to company statements reported by multiple industry outlets. The vehicle will invest in businesses that connect traditional finance with digital-asset markets, with a particular emphasis on payment infrastructure and stablecoin technologies.
Novogratz said stablecoins “are going to be a huge part of the payment system,” underscoring the fund’s focus on projects that could broaden retail and institutional adoption of blockchain-based payments. The raise comes as overall crypto fundraising reaches its highest level in three years, buoyed by more supportive regulation and renewed interest from large investors.
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