Galaxy Digital Backs $15 Million Raise for Crypto Analytics Firm CipherTrace
Blockchain and crypto security firm CipherTrace has raised $15 million in funding from investors including Mike Novogratz's Galaxy Digital.
Robert Leshner's Robot Ventures has secured $4 million in funding from Galaxy Digital and Paradigm to find early opportunities in DeFi.
Galaxy Digital is working on a project that may lead to institutions adopting crypto as an asset class. And the firm needs it, Mike Novogratz says.
Galaxy Digital was trading slightly higher on the news.
XRP will have another lackluster year in 2020, Galaxy Digital CEO (and Ripple shareholder) Mike Novogratz told a roomful of financial advisers.
Galaxy Digital, the crypto fund founded by Michael Novogratz, lost $272.7 million in its first full year of operation.