Galaxy Digital is prioritized to be the first ever crypto bank on the globe. Before this bank there was no financial entity which was only dedicated to the blockchain and cryptocurrency handling. AlphaPoint, a New York based firm, that helps companies and organizations launch crypto exchanges and tokenizes assets, has raised the funding of $15 million from Galaxy Digital, which was founded by the famous billionaire investor, Mike Novogratz. As the partnership is confirmed, managing director of Galaxy Digital, Greg Wasserman, will also join AlphaPoint’s board of directors.
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. Mike Novogratz
Novogratz was talking to Bloomberg and aims to turn Galaxy Digital into, what he calls, an institutional banking business in cryptocurrency and blockchain. Earlier this year, the investor rolled out a plan to raise $191 million to build “Drexel of crypto”, making new innovation and bringing out best from this new financial system.
AlphaPoint, in April this year, has also announced its association with Royal Mint and CME Group to launch a platform for trading digital gold.