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Michael Novogratz's Galaxy Appoints Former Point72 Exec as CFO
The firm’s current chief financial officer, Alex Ioffe, will transition into a senior advisor role.
Dec 13, 2024, 5:51 p.m.
What to know:
- Galaxy Digital has appointed Anthony Paquette as its new chief financial officer.
- Paquette previously spent four years at Steve Cohen's Point72 overseeing the hedge fund's global finance.
- Galaxy Digital's current CFO, Alex Ioffe, will transition into a senior advisor role.
Michael Novogratz's Galaxy Digital (GLXY) has hired former Point72 chief financial officer Anthony Paquette to serve in the same role at the crypto financial services firm.
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He will replace Alex Ioffe, who will transition into a senior adviser role, the company said in a statement on Friday.
Paquette previously spent four years as the CFO at Steve Cohen’s hedge fund Point72, leading the firm’s global finance, treasury, and broker relations, among other things. Before that, he worked at SoFi, JP Morgan Chase and Bank of America.
“I am thrilled to join Galaxy, whose reputation as a world-class operator and investor in digital assets, digital infrastructure and other emerging technologies precedes it,” Paquette said in a press release. “I look forward to expanding upon Galaxy’s best-in-class finance team and helping further cement the firm as the preeminent industry leader.”
Galaxy Digital CEO Mike Novogratz thanked Ioffe for building a robust finance team and preparing the firm for a potential U.S. listing.
The Toronto-listed company has been trying to go public in the U.S. through a listing on Nasdaq for some time. However, it is still awaiting approval from the Securities and Exchange Commission (SEC) to move its headquarters from the Cayman Islands to Delaware, which it filed for approval in February 2023.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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