Galaxy Digital Holdings is pushing the crypto boundaries!
Hi HODLers, Hiveans and Lion,
Galaxy Digital Holdings is one of the stock I own to have exposure to the Crypto Industry. I also believe it is undervalued as it has a lot of different moving parts.
It is some kind of conglomerate which is invested in crypto miners, crypto asset management & custody, VC investments and some crypto media companies.
Today, they just announced they are planning to raise $100M to create a crypto fund. The goal of this new fund will be to invest in 30 cryptocurrency startups over the next 3 years.
The new fund will be named Galaxy Ventures Fund I, LP, it will target financial apps, software infrastructure and protocols building in crypto.
Launch of Tokenization Wizard
Today, it also announced the launch of its Tokenization Wizard, an end-to-end application.
What is tokenization? It is the process of securing traditional assets from real estate and fine art to intellectual property and even everyday objects in the form of digital tokens.
These tokens can then be fractionally owned, traded, and managed on a variety of blockchains.
Some analysts believe that this market could reach $4tn by 2030!
Stay safe out there,
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