CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

BTC Pulse 2025-06-26 17:34:00

Galaxy Digital Raises $175M to Boost Stablecoin and DeFi Startups

Galaxy Digital Raises $175M Crypto Startup Venture Fund Galaxy Digital raised $175 million for its latest crypto-focused venture fund after the company exceeded its original goal of $150 million. The venture fund will be utilized to invest in early-stage companies that are working on the stablecoin and decentralized finance (DeFi) segments. Tangible Blockchain Use Cases Focus Mike Giampapa, general partner at Galaxy Digital, said the fund will invest in projects that bridge traditional finance and crypto. “You’re seeing this fundamental shift from more speculative use cases of blockchains to something that’s much more tangible,” he explained. The firm has already deployed $50 million from the fund, including investments in Monad, a high-performance blockchain, and Ethena, a stablecoin protocol offering yield-bearing dollar assets. Galaxy Expands Its Crypto Footprint Galaxy Digital, founded by Mike Novogratz, continues to further its involvement in various facets of the crypto universe, from venture capital to mining and asset management. The firm had $7 billion in assets under management as of May, most of which was linked to crypto start-ups. In addition to the new fund, Galaxy is also looking for conventional financial products derived from crypto. On June 25, the company, in partnership with Invesco, filed an S-1 with the SEC on behalf of the Invesco Galaxy Solana Trust, reflecting the growing interest in approved crypto investment products. Institutional Confidence in Crypto Grows Positive developments in the regulation of U.S. crypto are also encouraging more financial institutions and venture capital funds to commit to blockchain technology. Galaxy Digital’s aggressive expansion positions it at the forefront of shaping the future of the financial industry. As institutional demand for blockchain technologies is increasing, Galaxy’s strategic investments in stablecoins and DeFi speak volumes of solid belief in up-and-coming crypto infrastructure alongside fundamental technological advancements.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.