The post Galaxy Digital Closes $175 Million Crypto Venture Fund appeared on BitcoinEthereumNews.com.

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. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/cefi/galaxy-digital-closes-175-million-crypto-venture-fund-4b481581

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Filed under: News - @ June 26, 2025 6:25 pm