Difference between revisions of "Galaxy Digital"

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Galaxy Digital is a merchant bank specializing in [[digital assets]].<ref>{{cite web|url=https://www.linkedin.com/company/galaxydigital/|name=Galaxy Digital|org=Linkedin|date=November 14, 2018}}</ref> Galaxy Digital is an American company that seeks to institutionalize the digital asset and [[blockchain]] space. It provides asset management, [http://www.marketswiki.com/wiki/Investing investing], advisory, and trading services.<ref>{{cite web|url=https://www.linkedin.com/company/galaxydigital/|name=Galaxy Digital|org=Linkedin|date=November 14, 2018}}</ref><ref>{{cite web|url=https://www.galaxydigital.io/about/|name=About Us|org=Galaxy Digital|date=November 14, 2018}}</ref>
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Galaxy Digital is a merchant bank specializing in [[digital assets]].<ref>{{cite web|url=https://www.linkedin.com/company/galaxydigital/|name=Galaxy Digital|org=Linkedin|date=November 14, 2018}}</ref> It is an American company that seeks to institutionalize the digital asset and [[blockchain]] space, providing asset management, [http://www.marketswiki.com/wiki/Investing investing], advisory and trading services.<ref>{{cite web|url=https://www.linkedin.com/company/galaxydigital/|name=Galaxy Digital|org=Linkedin|date=November 14, 2018}}</ref><ref>{{cite web|url=https://www.galaxydigital.io/about/|name=About Us|org=Galaxy Digital|date=November 14, 2018}}</ref>
  
 
== Background ==
 
== Background ==
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Galaxy Digital was founded by [[Michael Novogratz]] in January 2018. Since then, it has entered into business partnership with several companies to create institutional-grade [[cryptocurrency]] and blockchain products and services.<ref>{{cite web|url=https://www.galaxydigital.io/about/|name=About Us|org=Galaxy Digital|date=November 14, 2018}}</ref>
 
Galaxy Digital was founded by [[Michael Novogratz]] in January 2018. Since then, it has entered into business partnership with several companies to create institutional-grade [[cryptocurrency]] and blockchain products and services.<ref>{{cite web|url=https://www.galaxydigital.io/about/|name=About Us|org=Galaxy Digital|date=November 14, 2018}}</ref>
  
In late January, the company announced a joint venture with [[Block.one]] to create a $325 million fund in order to develop the [[EOS]] digital ecosystem.<ref>{{cite web|url=https://block.one/news/block-one-and-mike-novogratzs-galaxy-digital-announce-joint-venture-for-new-325-million-eos-io-fund/|name=Block.one and Mike Novogratz’s Galaxy Digital Announce Joint Venture for New $325 million EOSIO Fund|org=Block.one|date=November 14, 2018}}</ref>
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In late January 2018, the company announced a joint venture with [[Block.one]] to create a $325 million fund in order to develop the [[EOS]] digital ecosystem.<ref>{{cite web|url=https://block.one/news/block-one-and-mike-novogratzs-galaxy-digital-announce-joint-venture-for-new-325-million-eos-io-fund/|name=Block.one and Mike Novogratz’s Galaxy Digital Announce Joint Venture for New $325 million EOSIO Fund|org=Block.one|date=November 14, 2018}}</ref>
  
 
In June 2018, Galaxy Digital partnered with High Fidelity, an [[open-source]] [[distributed ledger]] virtual reality gaming platform.<ref>{{cite web|url=https://www.prnewswire.com/news-releases/high-fidelity-raises-35m-to-bring-virtual-reality-to-1-billion-people-300673807.html|name=High Fidelity Raises $35M to Bring Virtual Reality to 1 Billion People|org=High Fidelity|date=November 14, 2018}}</ref>  
 
In June 2018, Galaxy Digital partnered with High Fidelity, an [[open-source]] [[distributed ledger]] virtual reality gaming platform.<ref>{{cite web|url=https://www.prnewswire.com/news-releases/high-fidelity-raises-35m-to-bring-virtual-reality-to-1-billion-people-300673807.html|name=High Fidelity Raises $35M to Bring Virtual Reality to 1 Billion People|org=High Fidelity|date=November 14, 2018}}</ref>  
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In July, the company announced a partnership with BlockFi, a company that offers fiat currency loans to digital asset holders to collateralize their loans with crypto. Galaxy Digital invested $52.5 million in [http://www.marketswiki.com/wiki/Venture_capital venture capital].<ref>{{cite web|url=https://blockfi.com/mission|name=We are elevating these lending markets to a level of sophistication that meets the rapidly changing needs of retail investors and institutions|org=BlockFi|date=November 14, 2018}}</ref><ref>{{cite web|url=https://blog.blockfi.com/blockfi-raises-52-5-million-with-galaxy-digital-ventures/|name=BlockFi Raises $52.5 Million with Galaxy Digital Ventures LLC|org=High Fidelity|date=November 14, 2018}}</ref> Later that month, the company announced that, mostly due to declining prices of crypto assets, it had lost $134 million in Q1 of 2018.<ref>{{cite web|url=https://www.coindesk.com/crypto-bank-galaxy-digital-loses-134-million-in-first-quarter-of-2018|name=Crypto Bank Galaxy Digital Loses $134 Million in Q1|org=Coindesk|date=November 14, 2018}}</ref>
 
In July, the company announced a partnership with BlockFi, a company that offers fiat currency loans to digital asset holders to collateralize their loans with crypto. Galaxy Digital invested $52.5 million in [http://www.marketswiki.com/wiki/Venture_capital venture capital].<ref>{{cite web|url=https://blockfi.com/mission|name=We are elevating these lending markets to a level of sophistication that meets the rapidly changing needs of retail investors and institutions|org=BlockFi|date=November 14, 2018}}</ref><ref>{{cite web|url=https://blog.blockfi.com/blockfi-raises-52-5-million-with-galaxy-digital-ventures/|name=BlockFi Raises $52.5 Million with Galaxy Digital Ventures LLC|org=High Fidelity|date=November 14, 2018}}</ref> Later that month, the company announced that, mostly due to declining prices of crypto assets, it had lost $134 million in Q1 of 2018.<ref>{{cite web|url=https://www.coindesk.com/crypto-bank-galaxy-digital-loses-134-million-in-first-quarter-of-2018|name=Crypto Bank Galaxy Digital Loses $134 Million in Q1|org=Coindesk|date=November 14, 2018}}</ref>
  
In November, Galaxy Digital announced that it had hired Ian Taylor, former real estate banker from [http://www.marketswiki.com/wiki/Goldman_Sachs_Group,_Inc. Goldman Sachs], to help run a new branch of Galaxy's business involving the [[tokenization]] of real estate.<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2018-11-13/novogratz-s-crypto-firm-turns-to-tokenization-of-real-estate|name=Novogratz's Crypto Firm Turns to Tokenization of Real Estate|org=Bloomberg|date=November 14, 2018}}</ref>
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In November 2018, Galaxy Digital announced that it had hired Ian Taylor, former real estate banker from [http://www.marketswiki.com/wiki/Goldman_Sachs_Group,_Inc. Goldman Sachs], to help run a new branch of Galaxy's business involving the [[tokenization]] of real estate.<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2018-11-13/novogratz-s-crypto-firm-turns-to-tokenization-of-real-estate|name=Novogratz's Crypto Firm Turns to Tokenization of Real Estate|org=Bloomberg|date=November 14, 2018}}</ref>
  
 
== Key People ==
 
== Key People ==

Revision as of 16:56, 14 November 2018

Galaxy Digital Holdings Ltd.
Galaxy digital-jpg.jpg
Founded 2018
Headquarters New York, NY
Key People Michael Novogratz, Founder and CEO; Rich Tavoso, President; Julie Coin, COO; Steve Kelso, Head of Europe
Employees 50-200
Products Digital asset trading services, asset management, investment mangagement
LinkedIn Profile
Website Galaxy Digital Home
Releases Company News

Galaxy Digital is a merchant bank specializing in digital assets.[1] It is an American company that seeks to institutionalize the digital asset and blockchain space, providing asset management, investing, advisory and trading services.[2][3]

Background

Galaxy Digital was founded by Michael Novogratz in January 2018. Since then, it has entered into business partnership with several companies to create institutional-grade cryptocurrency and blockchain products and services.[4]

In late January 2018, the company announced a joint venture with Block.one to create a $325 million fund in order to develop the EOS digital ecosystem.[5]

In June 2018, Galaxy Digital partnered with High Fidelity, an open-source distributed ledger virtual reality gaming platform.[6]

In July, the company announced a partnership with BlockFi, a company that offers fiat currency loans to digital asset holders to collateralize their loans with crypto. Galaxy Digital invested $52.5 million in venture capital.[7][8] Later that month, the company announced that, mostly due to declining prices of crypto assets, it had lost $134 million in Q1 of 2018.[9]

In November 2018, Galaxy Digital announced that it had hired Ian Taylor, former real estate banker from Goldman Sachs, to help run a new branch of Galaxy's business involving the tokenization of real estate.[10]

Key People

  • Michael Novogratz - Founder and CEO
  • Rich Tavoso - President
  • Julie Coin - COO
  • Steve Kelso - Head of Europe

References