🌌 Novogratz's Galaxy Digital is raising a $250 million credit fund for crypto firms in need of cash
Michael Novogratz's Galaxy Digital is launching a $250 million credit fund for crypto companies. The collateral will be acceptable in cryptocurrency, real estate, and even cryptocurrency mining rigs. Galaxy Digital is raising funds through March. Typically, the investment arm of Galaxy Digital, Galaxy Digital Ventures, hosts cryptocurrency loans, but demand is so high Galaxy Digital has opened up its own fundraiser.
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