Galaxy Digital Secures $175M War Chest for Stablecoin & DeFi Dominance—Wall Street Plays Catch-Up

Galaxy Digital just dropped a $175 million mic on traditional finance—staking its claim in the stablecoin and DeFi gold rush.

Why it matters: While banks still debate blockchain use cases, Mike Novogratz’s crypto powerhouse is deploying real capital into the infrastructure rebuilding global finance.

The fund’s focus: Doubling down on dollar-pegged stablecoins and DeFi protocols that actually generate yield—unlike your bank’s 0.01% ‘high-interest’ savings account.

Wall Street’s dilemma: Institutions face FOMO as Galaxy positions itself as the bridge between TradFi and the $100B+ DeFi ecosystem. Too bad most still think ‘stablecoin’ is a type of office furniture.

The bottom line: When crypto-native firms start raising nine-figure funds for infrastructure plays, it’s not a bubble—it’s a new financial system being built in real time. (Cue the SEC scrambling for regulation ideas.)

Galaxy Digital expands its crypto operations

Galaxy Digital is involved in multiple segments of the crypto industry, including venture capital, crypto mining, and more. The firm reported $7 billion assets under management in May, most of which are allocated to various crypto startups.

Recently, Galaxy Digital has also explored a solana ETF and has taken steps to launch the Invesco Galaxy Solana Trust. On June 25, the firm, together with Invesco, submitted an S-1 form to the Securities and Exchange Commission.

Favorable crypto regulations in the U.S. are making venture funds and financial institutions more open to exploring the intersection of crypto and traditional finance. Galaxy Digital aims to be at the forefront of this innovation wave.