Galaxy Digital Raising $250 Million to Offer Loans to Crypto Firms: Report
Michael Novogratz's crypto merchant bank Galaxy Digital is raising $250 million to build a credit fund, according to Business Insider.
Galaxy Digital, the crypto bank founded by Michael Novogratz, has sold its position in Block.one, the maker of the EOS blockchain, for $71 million.
Mike McMahon, chief technology officer at crypto merchant bank Galaxy Digital, has left the firm, CoinDesk has learned.
Crypto merchant bank Galaxy Digital has led a $5.5 million Series A for Clause, a digital contract management startup that uses blockchain tech.
Blockchain staking startup Bison Trails has raised $5.25 million in a series seed funding round backed by investors including Galaxy Digital.
Blockchain and crypto security firm CipherTrace has raised $15 million in funding from investors including Mike Novogratz's Galaxy Digital.