Summary
Galaxy Digital is launching a $100 million fund to invest in early-stage crypto companies, allowing outside investors to participate. The fund will focus on financial applications, software infrastructure, and protocols built on crypto, with plans to invest in up to 30 startups over the next three years. This move will expand Galaxy Digital’s venture capital franchise and continue its success in investing in the crypto space.
Key Points
1. Galaxy Digital’s venture team is launching a $100 million fund to invest in early-stage crypto companies.
2. The fund aims to invest in as many as 30 startups over the next three years, with checks starting at $1 million.
3. The investments will target financial applications, software infrastructure, and protocols built on crypto.