Galaxy Digital launches $26 million AVAX funding automobile with 2-year lock-in and over 40% low cost.
The initiative has a two-year lock-in interval and provides a reduction exceeding 40%, in accordance with regulatory filings and business sources.
The brand new fund, referred to as Galaxy Digital Crypto Vol Fund LLC Galaxy Digital Locked AVAX (2-Yr) Sequence, is structured as a restricted legal responsibility firm and was established in Delaware in 2024. Key figures within the fund’s administration embrace Jason City, who serves as a director, and Frank Falco, who serves as Chief Compliance Officer. Each administrators are primarily based within the Chicago workplace.
The funding automobile provides fairness and pooled funding fund shares with no minimal funding requirement for exterior buyers. The providing just isn’t associated to any enterprise mixture transaction, similar to a merger or acquisition, and is meant to be accomplished inside one yr of graduation on July 22, 2024.
*This isn’t funding recommendation.