Galaxy Digital has successfully raised over $175 million for its venture fund, which is focused on investing in early-stage companies within the blockchain and digital asset sector.

Mike Giampapa, a general partner of the fund, noted a significant shift in the cryptocurrency landscape towards practical applications, especially in the aftermath of the FTX collapse.

The fund's investment strategy emphasizes key themes such as stablecoins, payment infrastructure, and the tokenization of real-world assets, reflecting strong market demand.

Following its recent Nasdaq listing in May 2025, the fund now offers retail investors an opportunity to access a diversified crypto venture portfolio.

In the last quarter of 2024, nearly half of the venture capital funding in the crypto sector was directed towards U.S.-based startups, highlighting the country's leadership in crypto innovation despite regulatory hurdles.

Galaxy's strategy aims to deliver stable returns and regulatory compliance, allowing investors to gain indirect exposure to crypto ventures through its publicly traded shares.

The firm is strategically positioned to benefit from the increasing institutional adoption of blockchain technology across various sectors.

A favorable regulatory environment in the U.S. is encouraging venture funds and financial institutions to invest in the integration of crypto with traditional finance.

CEO Mike Novogratz emphasized the importance of investing in projects with real-world applications, which he believes will drive the next wave of crypto adoption.

The successful fundraising for the venture capital fund marks a new phase of maturity in the cryptocurrency sector, highlighting the role of institutional investors in fostering sustainable blockchain applications.

Currently, the fund's portfolio includes eleven innovative startups across various verticals, including payment solutions and decentralized finance lending.

The fund began raising capital in early 2024 with an initial investment of $50 million, which was later expanded due to increasing institutional interest.