Michael Novogratz Looking to Launch First Crypto Merchant Bank
Main page News, Cryptocurrency
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10 January
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Michael Novogratz, Chairman and Chief Executive Officer of Galaxy Investment Partners, is planning to establish and make public the first merchant bank that will focus on cryptocurrencies and blockchain-related ventures, Bloomberg reported.

Novogratz said in a statement he is looking to raise $200 million for Galaxy Digital LP, a "best-in-class, full service, institutional quality merchant banking business" for the crypto market.

The new bank will be born out of Canadian-based First Coin Capital, which Novogratz plans to buy and then merge with Bradmer Pharmaceuticals.

Its main businesses will include trading, advisory services, asset management, and private equity-like investing.

Bloomberg quoted a person familiar with the plans as saying that “Novogratz envisions Galaxy as the Goldman Sachs of crypto."

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Хотите узнать больше о гражданстве за инвестиции? Оставьте свой адрес, и мы пришлем вам подробный гайд

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