Galaxy Completes First External Fund Raising $175 Million

Odaily News Galaxy announced the completion of its first venture capital fund raising, with a total of $175 million, exceeding the original $150 million target. This fund is the first time Galaxy has introduced external capital, focusing on investments in areas where traditional finance and blockchain intersect, such as stablecoins and decentralized finance. Galaxy has deployed approximately $50 million in projects such as Monad and Ethena.