Galaxy Raises $175M to Fuel Crypto-Finance Crossover

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Key Points: Galaxy’s $175M fund backs early-stage start-ups working on stablecoins and decentralized financial tools. Galaxy Raises $175M to Fuel Crypto-Finance Crossover Galaxy has announced the final close of its first externally raised crypto venture fund. The names of financiers have not been disclosed, Giampapa noted that the fund consists of institutional backers such as household workplaces and fund-of-funds that already work with Galaxy’s possession management division.

Galaxy has announced the last close of its very first externally raised crypto venture fund. The names of investors have not been disclosed, Giampapa noted that the fund includes institutional backers such as family offices and fund-of-funds that already work with Galaxy’s possession management division. As the fund grows, its performance may also become relevant for Galaxy’s public investors, providing exposure to early-stage crypto investments through its listing on Nasdaq.

Key Points: Galaxy’s $175M fund backs early-stage startups working on stablecoins and decentralized financial tools. Galaxy has announced the last close of its first externally raised crypto venture fund. Galaxy has invested in the past using its own balance sheet, but is now anchoring the fund while also serving as both a general and limited partner. The names of investors have not been disclosed, Giampapa noted that the fund includes institutional backers such as family offices and fund-of-funds that already work with Galaxy’s possession management division. As the fund grows, its performance may also become relevant for Galaxy’s public shareholders, providing exposure to early-stage crypto investments through its listing on Nasdaq.