Galaxy Digital raises $175M in first fund to expand crypto investments

Galaxy Digital raises $175 million for its first externally backed venture fund, targeting early-stage crypto startups.

Galaxy Digital has closed a $175 million venture fund, its first with outside capital, as the company ramps up plans to invest in early-stage crypto startups.

The fund, which exceeded its $150 million target, marks the first time Galaxy has accepted outside capital. Until now, the company had relied solely on its own balance sheet for venture investments, according to a Thursday press release.

The fund targets high-growth sectors such as stablecoins, tokenization, and payments, as well as the software layers that support them.

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