According to a report by Fortune, Galaxy has successfully closed its first externally raised crypto venture fund, securing $175 million—well above its initial goal of $150 million.
The fund will back early-stage startups focused on the intersection of traditional finance and crypto, with a particular emphasis on stablecoins and decentralized finance (DeFi).
This milestone highlights rising investor interest in blockchain innovations that aim to modernize financial infrastructure.
Galaxy’s fund signals confidence in the long-term potential of crypto applications beyond speculation, especially in areas such as on-chain settlement, digital payments, and DeFi infrastructure.
Source
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/galaxy-raises-175m-for-crypto-fund-surpasses-target/