Galaxy Digital is a full service, digital assets merchant bank.
Galaxy Digital (TSX: GLXY) is a diversified financial services and investment management company in the digital asset, cryptocurrency, and blockchain technology sectors. Galaxy Digital’s team has extensive experience spanning investing, portfolio management, capital markets, venture capital, asset management, and blockchain technology. Galaxy Digital operates in the following businesses: Trading, Asset Management, Principal Investments, Investment Banking, and Mining. Galaxy Digital’s CEO and Founder is Mike Novogratz. The Company is headquartered in New York City, with offices in Chicago, San Francisco, London, Amsterdam, Tokyo, Hong Kong, the Cayman Islands (registered office), and New Jersey.
Galaxy Digital’s stock crashed following a devastating $482 million quarterly loss, reflecting broader crypto market struggles. The firm’s digital assets shrunk 22% amid falling token values and market volatility.
Tenbin Labs secured $7M in seed funding to launch a futures-backed tokenized gold product, differentiating itself from traditional wrapped tokens by connecting directly to CME markets.
Galaxy Digital is preparing to roll out a $100 million hedge fund in Q1, targeting both cryptocurrencies and related stocks.