26.06.2025 18:25

Galaxy Digital, the prominent cryptocurrency financial services company helmed by Mike Novogratz, has successfully concluded its inaugural externally funded venture capital fund, securing a remarkable $175 million. This figure surpasses the initially projected $150 million target, as reported by various industry sources.

The newly established fund will strategically channel its investments into companies bridging the gap between traditional finance and the burgeoning digital asset markets. A key area of focus will be the development of robust payment infrastructure and innovative stablecoin technologies. Novogratz himself highlighted the crucial role stablecoins will play in the future of payment systems, emphasizing the fund’s commitment to projects fostering broader adoption among both retail and institutional users.

This significant fundraising achievement coincides with a surge in overall cryptocurrency investment, reaching a three-year high. This upswing can be attributed to a more favorable regulatory landscape and the renewed enthusiasm from major institutional investors. The successful fundraise underscores the growing confidence in the cryptocurrency sector and its potential for future growth.

This information is compiled from internet sources.