Galaxy Digital raised over $175 million in capital commitments for investing in early-stage companies developing infrastructure for the onchain economy.
The fund will target investments in growth areas like stablecoins, payments, and tokenization, supporting technologies that make these viable.
Galaxy Digital's initial target was $150 million but exceeded it due to high investor demand for digital asset venture opportunities.
US-based startups received 46% of global crypto VC funding in Q4 2024, as per a report by Galaxy Digital, showcasing the country's dominance in the crypto sector.