Novogratz’s Galaxy Digital Seeks $250M to Fund Crypto-Collateralized Loans13.2

Reports indicate that Galaxy Digital is looking to raise $250 million to fund loans to cryptocurrency companies.

According to Business Insider, the cryptocurrency bank wants to offer cryptocurrency-collateralized US dollar loans to companies operating in the industry. Anonymous sources reportedly familiar with the project say Galaxy will accept crypto-assets as well as mining hardware as collateral for the loans.

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