Galaxy Digital Ventures is a merchant bank focused on supporting the digital asset and blockchain industry that is headquartered in New York City, New York and was founded in 2018 by David J. Namdar and Michael Novogratz. The firm also has offices in Tokyo, Japan; Hong Kong; London, England; Vancouver, Canada; Cayman Islands; and New Jersey. The mission of Galaxy Digital Ventures according to the company's founder, CEO and chairman Michael Novogratz is:
Our mission is to institutionalize the space, and promote the growth and advancement of the underlying ecosystem and technology behind digital assets and blockchain.
Galaxy Digital Ventures focuses its business and merchant banking services on trading (arbitrage, macro, market making/OTC), asset management, principal investing (private equity, venture, public equity, ICO investments, Pre-ICO investments, and liquid and illiquid cryptocurrencies), and advisory (capital markets, M&A/restructuring, and technical consulting services to both start-ups and established institutions).
On January 23, 2018 Galaxy Digital Ventures raised $325 million in funding to support the development of the EOS blockchain ecosystem. The fund was announced as a joint venture between Galaxy Digital Ventures and Block.one.