# Galaxy Digital

Galaxy Digital is a Private Equity based in New York, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** www.galaxy.com
- **LinkedIn:** https://www.linkedin.com/company/galaxyhq
- **Wikidata:** Q138026190

## Regulatory record

- **CRD number:** 293908
- **SEC file number:** 801-117094
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/293908

## About

Galaxy Digital is an SEC-registered investment adviser in New York, NY, registered since 2019. The firm manages approximately $1.7 billion in regulatory assets. It has 61 employees and 22 investment advisers.

## Sectors

- Digital Assets
- Blockchain Infrastructure
- FinTech
- Enterprise Software
- Media & Entertainment

## Offices

- London, United Kingdom
- Hong Kong
- Tokyo, Japan
- Amsterdam, Netherlands

## People

- Michael Novogratz — Founder and CEO

## Questions

### Who runs investment decisions at Galaxy Digital?

Michael Novogratz sets the firm's overall risk appetite and strategic direction as founder and CEO. Day-to-day trading and investment committee decisions are delegated to segment heads, including the Global Markets and Asset Management leadership teams. The firm publicly reports its balance-sheet exposure and operational segments, making its macro positioning visible to public shareholders.

### Does Galaxy Digital participate in fund commitments or only direct deals?

Galaxy operates across both lines. Its Asset Management division runs pooled funds — ETFs, actively managed funds, and venture funds — that take external capital. The firm also invests directly from its own balance sheet, often as a lead or co-investor, particularly in venture-stage blockchain infrastructure and DeFi protocols. This dual posture means Galaxy can hold positions indefinitely on its balance sheet while also distributing mark-to-market returns to fund investors.

### Which sectors does Galaxy explicitly avoid?

Galaxy has not publicly identified sectors it categorically excludes, but its declared focus on institutional-grade digital assets means it generally avoids consumer-facing crypto applications with unproven regulatory frameworks. The firm's public-company compliance infrastructure and the continued fallout from Terra/Luna have made it more conservative on algorithmic stablecoins and unregulated offshore protocols than some private venture peers.

### How is Galaxy Digital related to traditional investment banks?

Galaxy operates a regulated investment banking unit that competes directly with boutique investment banks and the crypto-specialist groups at bulge-bracket firms. Galaxy's banking team advises on M&A, capital raising, and restructurings for crypto-native companies and protocols. Unlike a Goldman Sachs or J.P. Morgan, Galaxy cannot separate its advisory work from its proprietary balance-sheet activity, creating a merchant-bank model that some traditional banks view as a structural conflict.

### What is Galaxy's geographic footprint and regulatory posture?

Galaxy maintains offices in New York, London, Hong Kong, Tokyo, and Amsterdam, making it one of the most geographically diversified dedicated crypto firms. It pursues registrations in each jurisdiction where it operates; in the U.S., its reorganization as a Delaware corporation and Nasdaq uplisting in 2024 deepened its SEC reporting obligations. Its regulated entities hold UK FCA registration and have historically operated under Hong Kong and Japanese licensing frameworks.

## Related profiles

- [Galaxy Capital Asset Management](https://altss.com/profile/galaxy-capital-asset-management)
- [Galaxy Jinhui Securities Asset Management](https://altss.com/profile/galaxy-jinhui-securities-asset-management)

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Last updated: 2026-06-03T20:00:00.000Z

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