Galaxy Digital raises $175M for venture fund focused on crypto-finance startups

Financial services and investment management firm Galaxy Digital has raised $175 million for its new venture fund, surpassing its initial $150 million target, to invest in startups at the intersection of traditional finance and crypto, according to Fortune Crypto. The firm has already deployed $50 million into companies like EVM-compatible blockchain project Monad and stablecoin protocol Ethena (ENA).