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Mike Novograt raised $ 250 million to launch a crypto-currency trading bank

The billionaire and head of Galaxy Investment Partners Mike Novograts successfully collected the necessary amount of investments for the launch of Galaxy Digital, a crypto-currency trading bank whose shares will be quoted on the Canadian Stock Exchange Tsx Venture Exchange. This writes  CCN .

As noted by the source, despite the largest in the history of the collapse of the crypto-currency market, Novogratsu still managed to raise $ 250 million, which is a quarter more than the  originally planned amount .

Most of the names of investors remain unknown, since the collection of funds was carried out in the form of private placement, which does not imply full disclosure of information about participants.Nevertheless,  Bloomberg  reports that among venture capitalists was billionaire and Chairman of the Board of Directors of Foxconn Terry Gou.

The newly acquired capital Novograts plans to invest in the purchase of the Canadian startup First Coin Capital, and then reverse the takeover of Bradmer Pharmaceuticals, traded on the Canadian Stock Exchange TSX Venture. After the takeover, the company will be renamed to Galaxy Digital.

According to Novogradets, the trading bank of Galaxy Digital is called to become “Goldman Sachs for the crypto industry”. Thus, in particular, the new company will specialize in cryptotrading, inter-stock arbitration, invest in block-start-ups and ICO, provide consulting services, and launch a wealth-oriented asset management service.

It is expected that the new company will appear in the listing of TSX Venture already at the end of the first quarter of 2018.

Recall,  Mike Novograz presented  in the compiled Forbes first ranking of the richest representatives of the crypto industry. His condition is estimated at $ 0.7-1 billion.

The post Mike Novograt Raised $ 250 million to launch a crypto-currency trading bank appeared first on Digital Bodha.

This post first appeared on Cryptocurrency News | Bitcoin Mining Hardware | Dogecoin, please read the originial post: here

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Mike Novograt raised $ 250 million to launch a crypto-currency trading bank


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