Galaxy Digital and some of Genesis’ top executives are setting up a new $500 million cryptocurrency fund.
Among the partners of the DBA Crypto Fund I fund to be established are Michael Jordan, who manages the investment department of Galaxy Digital, Joshua Lim, who manages the derivatives operations of Genesis, Roshun Patel, who is also the former vice president of Genesis’s trading department, and Shane Barratt, the founder of Convex Trading. is located.
According to the notice to the US Securities and Exchange Commission (SEC), the fund is currently the first to take your investment getting ready.
The names of Genesis Trading and Galaxy Digital have recently been announced. With the Three Arrows Capital crisis had been mentioned.
Before Genesis Trading sank into Three Arrows Capital $2.36 billion value of money, carrying the obligations of Genesis, which later became the parent company of the company. Digital Currency Group (DCG) had undertaken.
Galaxy Digital also made a loan to Three Arrows Capital and in the previous quarter 554 million dollars loss explained.