As crypto firms struggle for loan approval, Galaxy is offering a savvy (and lucrative) solution
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.
Quick Take
- Mike Novogratz’s asset manager, Galaxy Digital, is strategically tapping into the crypto lending gap – using a premium equity component
- Among its current debtors are BlockFi and Hut8, according to sources
- The loan structure could be an indication of what is to come when it launch its Special Lending Fund
This free preview of The Block Genesis is offered to our loyal readers as a representation of the highly valuable journalism our Genesis members receive daily. If you’d like to receive all Genesis content on our site and via daily newsletter, join here. Galaxy, helmed by billionaire investor and former hedge fund manager Mike Novogratz, […]
accessprotocol.co
Subscribe for Premium Content
To unlock this and other Premium content, subscribe via Access Protocol. You can pay with SOL.
