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Galaxy Digital Raises $175M to Boost Stablecoin and DeFi Startups

by Abimbola Adu
Jun 26, 2025 - 8:34 pm
in Blockchain
Mike Novogratz’s Galaxy Digital raises $175 million for crypto venture investments in DeFi and stablecoins

Galaxy Digital Raises $175M Crypto Startup Venture Fund

Galaxy Digital raised $175 million for its latest crypto-focused venture fund after the company exceeded its original goal of $150 million. The venture fund will be utilized to invest in early-stage companies that are working on the stablecoin and decentralized finance (DeFi) segments.

Tangible Blockchain Use Cases Focus

Mike Giampapa, general partner at Galaxy Digital, said the fund will invest in projects that bridge traditional finance and crypto. “You’re seeing this fundamental shift from more speculative use cases of blockchains to something that’s much more tangible,” he explained.

The firm has already deployed $50 million from the fund, including investments in Monad, a high-performance blockchain, and Ethena, a stablecoin protocol offering yield-bearing dollar assets.

Galaxy Expands Its Crypto Footprint

Galaxy Digital, founded by Mike Novogratz, continues to further its involvement in various facets of the crypto universe, from venture capital to mining and asset management. The firm had $7 billion in assets under management as of May, most of which was linked to crypto start-ups.

In addition to the new fund, Galaxy is also looking for conventional financial products derived from crypto. On June 25, the company, in partnership with Invesco, filed an S-1 with the SEC on behalf of the Invesco Galaxy Solana Trust, reflecting the growing interest in approved crypto investment products.

Institutional Confidence in Crypto Grows

Positive developments in the regulation of U.S. crypto are also encouraging more financial institutions and venture capital funds to commit to blockchain technology. Galaxy Digital’s aggressive expansion positions it at the forefront of shaping the future of the financial industry.

As institutional demand for blockchain technologies is increasing, Galaxy’s strategic investments in stablecoins and DeFi speak volumes of solid belief in up-and-coming crypto infrastructure alongside fundamental technological advancements.

Tags: Web3
Abimbola Adu

Abimbola Adu

Abimbola Adu is a crypto content writer with a background in English studies. She is keen on enlightening others about cryptocurrency and blockchains. She enjoys writing poems and spending time with family.

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