Mike Novogratz, who launched merchant bank Galaxy Digital earlier this year has made a significant number of investments in the market for digital coins which have not yet been disclosed publicly.

Just last week it was reported that it led a $15 million round in AlphaPoint, a New York firm that helps companies launch their own digital tokens, but other investments by Galaxy remain under wraps.

AlphaPoint was founded in 2013 to help cryptocurrency exchanges build out their infrastructure but has since expanded its service to include a wide range of other assets. Current exchanges using the technology include Bitnaru, Miami Crypto Exchange, Cubobit and Bitcoins Norway, according to the firm.

The principal investment team, which staffs six people, has invested in high-volume ICO projects and has a significant portfolio of early stage ventures. The team currently consists of Sam Englebardt, a venture capital veteran who joined Galaxy in 2017 and Greg Wasserman, a former vice president at Goldman Sachs, joined the firm as co-head of the venture unit in February. Chris Zioli who formerly worked for Insight Ventures, also is on the team.

Galaxy has two pools of capital, including a $325 million EOS fund, which is specifically targeting companies that aim to operate off the EOS blockchain. According to Bloomberg, in January the investor rolled out a plan to raise $191 mln and that he is building the “Drexel of crypto.”

Going forward, AlphaPoint’s infrastructure technology is being targeted at a wide range of industries, including private company shares, real estate ownership, product tracking and any illiquid assets that can be tokenized, tracked and traded without a central authority to help settle the trade.

[FREE] Get Our Best Crypto Trading, Mining & Investing Hacks:


*Action Required* Enter Your Email To Get Insight For Trending Coin News & Reviews

I will never give away, trade or sell your email address. You can unsubscribe at any time.


Please enter your comment!
Please enter your name here

5 × one =