The purchase will help build out GalaxyOne, the previously launched platform that will offer a wide range of financial services for institutions, including trading, lending, derivatives, cross-portfolio margining, and a number of custodial options, including GK8. Galaxy also gains an office in Tel Aviv and a nearly 40-person team, including the founders, who have joined Galaxy to lead its custodial technology offering.
Source: https://www.coindesk.com/business/2023/02/23/galaxy-digital-closes-44m-acquisition-of-self-custody-platform-gk8/?utm_medium=referral&utm_source=rss&utm_campaign=headlines