Galaxy completes 175 million U.S. dollars in external fundraising venture fund
According to online reports, crypto giant Galaxy announced that it has completed its first venture capital fund raising, totaling US$175 million, exceeding the original target of US$150 million. The fund is the first time that Galaxy has introduced external capital, focusing on investing in areas where traditional finance and blockchain meet, such as stablecoins and decentralized finance. Galaxy has deployed approximately $50 million in projects such as Monad and Ethena.
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