Good news for the future of cryptocurrency exchanges, as Galaxy Digital is investing $15 million in AlphaPoint Corp., a New York-based blockchain startup that aims to help companies tokenize assets and create crypto exchange services, Forbes reported in an article on June 14th.
This way, Galaxy Digital CEO, billionaire investor Mike Novogratz is adding one more cryptocurrency investment under his belt, stating that he and his company “are in the early stages of a fundamental transformation in financial markets due to the digitization of assets.”
The famed Bitcoin evangelist and hedge fund trader expressed his enthusiasm on the matter even further by stating: “We are excited to partner with AlphaPoint as we continue to help drive this revolutionary change in digital markets.”
More about AlphaPoint
As part of this proficient deal, Galaxy Digital managing director, Greg Wasserman, is said to join the board of directors at AlphaPoint. The funds will be used to further expand the team. AlphaPoint Corp. CEO, Salil Donde, refused to comment on what the actual number of new member is going to be.
However, just like his counterpart, Donde seems to be confident about the future. “We believe the next wave of capital formation and societal wealth creation is going to come from the digitization and trading of illiquid assets,” he told Forbes.
Founded back in 2013, AlphaPoint Corp. has seen a fair share of attention from various investors in the blockchain sphere and has a few noteworthy business accomplishments. Some of the most popular exchanges that are currently using AlphaPoint-based technology include Bitcoins Norway, Miami Crypto Exchange, Cubobit, and Bitnaru. The firm even announced a partnership with Royal Mint of England and CME Group Inc. to create an innovative platform for digital gold trading.