Galaxy to launch $100M hedge fund to bet on rising and falling crypto prices
Mike Novogratz’s digital asset firm Galaxy is preparing to launch a $100 million hedge fund aimed at profiting from both rising and falling crypto prices.
The CLO supports Galaxy’s crypto lending arm by purchasing overcollateralized Bitcoin and Ether-backed consumer loans originated by Arch Lending, with capacity to expand to $200 million. The bonds were issued and tokenized via INX, with custody and real-time collateral tracking handled by Anchorage Digital Bank.
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