New York City-based crypto assets bank Galaxy Digital is looking to raise $250M in a funding series for a lending business that will help cryptocurrency businesses, according to a report published by the South China Morning Post.
Galaxy Digital, a digital assets bank founded by former Goldman Sachs partner Mike Novogratz, will close its first round of funding for this project in March 2019.
According to its website, “Galaxy Digital is a diversified merchant bank dedicated to the digital assets and blockchain technology industry. Galaxy Digital’s multi-disciplinary team has extensive experience spanning investing, portfolio management, capital markets, operations, and blockchain technology.”
The company will provide financing services to cryptocurrency and blockchain businesses. It will offer traditional currency loans that will be backed for collaterals represented in cryptocurrency assets, real estate, or crypto mining equipment.
Previously, Galaxy Digital worked on financing opportunities with cryptocurrencies startups in the past. However, declining crypto prices have pushed startups’ books on the red, and the demand for financing from crypto businesses has grown big in the last months.
Latest News
Exploring the Rise of Crypto Casino Japan: Top Picks for 2025
New York City-based crypto assets bank Galaxy Digital is looking to raise $250M in a funding series for a lending business that will help cryptocurrency businesses, according to a report published by the South China Morning Post. Galaxy Digital, a digital assets bank founded by former Goldman Sachs partner Mike Novogratz, will close its first […]
12 March, 2025Bitcoin Soars as Trump Unveils Strategic Cryptocurrency Reserve
New York City-based crypto assets bank Galaxy Digital is looking to raise $250M in a funding series for a lending business that will help cryptocurrency businesses, according to a report published by the South China Morning Post. Galaxy Digital, a digital assets bank founded by former Goldman Sachs partner Mike Novogratz, will close its first […]
3 March, 2025Bitcoin Price Predictions and Market Trends: March 2025 Insights
New York City-based crypto assets bank Galaxy Digital is looking to raise $250M in a funding series for a lending business that will help cryptocurrency businesses, according to a report published by the South China Morning Post. Galaxy Digital, a digital assets bank founded by former Goldman Sachs partner Mike Novogratz, will close its first […]
3 March, 2025What happened to bitcoin this week?
New York City-based crypto assets bank Galaxy Digital is looking to raise $250M in a funding series for a lending business that will help cryptocurrency businesses, according to a report published by the South China Morning Post. Galaxy Digital, a digital assets bank founded by former Goldman Sachs partner Mike Novogratz, will close its first […]
28 February, 2025Franklin Templeton Files for Solana-Based ETF as Cryptocurrency Investment Products Grow in Popularity
New York City-based crypto assets bank Galaxy Digital is looking to raise $250M in a funding series for a lending business that will help cryptocurrency businesses, according to a report published by the South China Morning Post. Galaxy Digital, a digital assets bank founded by former Goldman Sachs partner Mike Novogratz, will close its first […]
24 February, 2025Ethereum Outlook for 2025
New York City-based crypto assets bank Galaxy Digital is looking to raise $250M in a funding series for a lending business that will help cryptocurrency businesses, according to a report published by the South China Morning Post. Galaxy Digital, a digital assets bank founded by former Goldman Sachs partner Mike Novogratz, will close its first […]
19 February, 2025SEC and Binance Hit Pause: A 60-Day Legal Truce Amid Regulatory Changes
New York City-based crypto assets bank Galaxy Digital is looking to raise $250M in a funding series for a lending business that will help cryptocurrency businesses, according to a report published by the South China Morning Post. Galaxy Digital, a digital assets bank founded by former Goldman Sachs partner Mike Novogratz, will close its first […]
17 February, 2025Unraveling the Crypto Coin from Trump Scam: What You Need to Know
New York City-based crypto assets bank Galaxy Digital is looking to raise $250M in a funding series for a lending business that will help cryptocurrency businesses, according to a report published by the South China Morning Post. Galaxy Digital, a digital assets bank founded by former Goldman Sachs partner Mike Novogratz, will close its first […]
13 February, 2025