May 16, 2025
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Galaxy Digital and Genesis top executives to launch a $500 million crypto fund

  • August 31, 2022
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A group of executives from Galaxy Digital, Genesis and Convex Trading applied. SEC For the $500 million registration of the DBA Crypto Fund I LP. The company has

Galaxy Digital and Genesis top executives to launch a 0 million crypto fund

Galaxy Digital and Genesis top executives to launch a $500 million crypto fund
Galaxy Digital and Genesis top executives to launch a $500 million crypto fund

A group of executives from Galaxy Digital, Genesis and Convex Trading applied. SEC For the $500 million registration of the DBA Crypto Fund I LP.

The company has not yet raised funds.

The overall partners of the structure are Michael Jordan, Co-President of Galaxy Digital Investments, Joshua Lim, Head of Genesis Derivatives, Roshun Patel, former Vice President of Trade at Genesis, and Shane Barratt, CEO and Co-Founder of Convex Trading.

Axios noted that the fund will be led by experts from companies affected by the collapse of Terra and the problems of hedge fund Three Arrows Capital.

Recall that in July it was known that he owed Genesis Trading $2.36 billion. The OTC platform was backed by its parent company, Digital Currency Group, which assumed certain obligations.

In August, the firm’s CEO, Michael Moreau, resigned from his position after working for seven years. Genesis Trading has made major changes to its management team.

Galaxy Digital became one of the investors of Terraform Labs, which created the Terra ecosystem. The company was also on the list of creditors of Three Arrows Capital.

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Source: Fork Log

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