Novogratz’s Galaxy Digital Invests in Startup That Helps Launch Crypto Exchanges

For all the news about cryptos
Forum rules
- Add an image
- Quote your source
Ledger Nano S - The secure hardware wallet
User avatar

Topic author
Junaid
BabyUnicorn
BabyUnicorn
Posts: 192
Joined: 12 Jun 2018, 07:27
Cash on hand: 7,988.00
Has thanked: 1 time
Been thanked: 10 times
Pakistan

#48154

15 Jun 2018, 05:33

Novogratz’s Galaxy Digital Invests in Startup That Helps Launch Crypto Exchanges
Image
AlphaPoint Corp. has raised $15 mln in funding from digital assets merchant bank Galaxy Digital LP founded by billionaire investor Mike Novogratz, Bloomberg reported June 14. AlphaPoint Corp. is a firm which helps organizations launch crypto exchanges and tokenize assets.

From now on, Greg Wasserman, managing director of Galaxy Digital Ventures, will reportedly join AlphaPoint’s Board of Directors. Speaking about companies’ dealings, Novogratz said in a statement:

“We are in the early stages of a fundamental transformation in financial markets due to the digitization of assets. We are excited to partner with AlphaPoint as we continue to help drive this revolutionary change in digital markets.”

Novogratz, who is former Wall Street macro trader, is aiming to turn Galaxy Digital into what he reportedly calls an institutional-quality merchant banking business in digital currency and blockchain. According to Bloomberg, in January the investor rolled out a plan to raise $191 mln and that he is building the “Drexel of crypto.”

AlphaPoint Corp. was founded in 2013. In April, the company said it would partner with Royal Mint and CME Group to “launch a platform for trading digital gold.”

In the beginning of May, in response to its “clients’ growing interest in cryptocurrencies,” Galaxy Digital Management in partnership with Bloomberg launched the Bloomberg Galaxy Crypto Index (BGCI) that will track ten cryptocurrencies from the “largest, most liquid portion of the cryptocurrency market.”
source:"https://cointelegraph.com/news/novograt ... -exchanges"


Was This Topic Useful?

  • Similar Topics
    Replies
    Views
    Last post

Return to “News Crypto”

  • Information
  • Who is online

    Users browsing this forum: No registered users and 12 guests