Galaxy Digital has closed a $175 million venture fund, its first with outside capital, as the company ramps up plans to invest in early-stage crypto startups.
The fund, which exceeded its $150 million target, marks the first time Galaxy has accepted outside capital. Until now, the company had relied solely on its own balance sheet for venture investments, data-ct-non-breakable=”null” href=”https://fortune.com/crypto/2025/06/26/galaxy-venture-fund-stablecoins-mike-novogratz-crypto-blockchain/” title=”null”>according to a report from Fortune.
General partner Mike Giampapa told the outlet that the goal is to back early-stage companies utilizing stablecoins, DeFi applications and other blockchain use cases…

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