Share this article
Galaxy Plans to Raise $100M for Crypto Venture Fund
Galaxy's prolific venture wing plans to start accepting – and investing – outside capital.
Updated Apr 4, 2024, 5:47 a.m. Published Apr 3, 2024, 6:37 p.m.
Make us preferred on Google
Galaxy Digital’s venture team has long invested its own money in crypto companies. Now, it’s planning to do that with outside investors’ capital, too.
The crypto investments giant is putting together a $100 million fund that will invest in early-stage crypto companies, according to an investor email shared with CoinDesk. Galaxy moved its venture capital franchise into its asset management business in 2023.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Called Galaxy Ventures Fund I, LP, the fund aims to invest in as many as 30 startups over the next three years, with checks starting at $1 million. It will target financial applications, software infrastructure and protocols built on crypto, the email said.
The new fund “will continue the success of our proprietary balance sheet investing but through a direct, institutional-grade fund,” the email noted.
Galaxy is already a prolific investor in crypto companies; according to the email, it invested $200 million into more than 100 projects over the past six years. While Galaxy’s Interactive team has taken outside capital previously, this is a first for the venture team.
“We’re excited to build on our successful track record of investing in digital asset ventures and blockchain infrastructure. For years, we’ve been putting our own capital behind these innovators. Now we’re launching Galaxy Ventures Fund I LP to partner with outside investors, allowing us to continue fueling the digital asset ecosystem by backing promising early-stage ventures,” said Mike Wursthorn,Galaxy’s head of communications.
UPDATE (April 4, 05:45 UTC): Adds statement from Galaxy.
CORRECTION (April 3, 07:30 UTC): Corrects to clarify that Galaxy has previously taken outside capital through its Interactive division.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Former Brazil central bank official unveils real-pegged stablecoin with yield sharing
The stablecoin will be backed by Brazil's National Treasury bonds and offer exposure to the country's interest rate, currently 15%.
What to know:
- Tony Volpon, a former director at Brazil's central bank, announced BRD, a stablecoin backed by Brazilian government debt, aiming to give foreign investors access to the country's high-yield environment.
- The stablecoin will be backed by Brazil's National Treasury bonds and offer exposure to the country's interest rates, currently 15%.
- The token could also support demand for Brazilian debt, potentially lowering government borrowing costs, and is expected to attract institutional investors seeking high-yield returns.
