Novogratz Invests $15M in White-Label Cryptocurrency Exchange Startup

Former Wall Street macro trader and vocal Bitcoin proponent Mike Novogratz has expanded his involvement in the cryptocurrency field, investing $15 million in a startup company which aims to facilitate the launch of trading platforms and tokenizes assets through blockchain-based technology. Despite the current market correction, Novogratz remains overly positive towards the field in general.
Investing in the Future of Cryptocurrencies
Mike Novogratz, Founder and CEO of Galaxy Digital Capital Management, announced on Thursday that his asset management firm had invested $15 million in a startup which helps businesses build cryptocurrency exchanges and tokenize assets. The company in question – AlphaPoint – is also working closely with The Royal Mint and CME Group on developing a trading platform for digital gold. Joining AlphaPoint’s Board of Directors will be Galaxy Digital Capital Management’s managing director, Greg Wasserman.
Speaking on his firm’s latest investment, Novogratz said:
We are in the early stages of a fundamental transformation in financial markets due to the digitization of assets. […] We are excited to partner with AlphaPoint as we continue to help drive this revolutionary change in digital markets.
Previously, Mike Novogratz partnered with Bloomberg to launch …

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