Galaxy Digital To Offer Loans To Crypto Wizkids
Crypto start-ups, rejoice! Galaxy Digital – Novogratz’s crypto merchant bank – is raising a whopping $250M to build a credit fund. This entity would offer loans to crypto-related start-ups and initiatives. To be eligible for the loan, a startup should provide a collateral – crypto tokens, crypto mining devices and so on.
The report was published by the Business Insider, which cited “people familiar with the matter.” Sounds a bit confusing, but still – the news is a much-needed positivity influx to the market, many pronounced dead. It’s stated that the first round of fundraising is expected to close in March. We have to wait and see this story unfolding, but get your funds ready just in case.