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Galaxy Digital Holdings Announces Strategic Partnership With ParaFi Capital

Emily Mason

Summary: Galaxy Digital Holdings has formed a strategic partnership with DeFi-focued asset management company ParaFi capital, as reported by Forbes. The shared goal of the two companies is to find co-investment opportunities to encourage adoption of decentralized finance. Galaxy Digital has invested in ParaFi and become a minority shareholder in the firm as a part of ...

Galaxy Digital Holdings has formed a strategic partnership with DeFi-focued asset management company ParaFi capital, as reported by Forbes.

The shared goal of the two companies is to find co-investment opportunities to encourage adoption of decentralized finance. Galaxy Digital has invested in ParaFi and become a minority shareholder in the firm as a part of the deal. Galaxy is a financial services and investment company with over $400 million in assets under management. ParaFi has around $100 million in assets under management.

ParaFi has invested in leading DeFi protocols including Compound, Aave and Uniswap. The company is focused on investing in products offering decentralized lending, borrowing, hedging, insuring or indexing. 

By Emily Mason

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