[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Duncan [@FloodCapital](/creator/twitter/FloodCapital) on x 28.4K followers Created: 2025-07-22 16:10:57 UTC $GLXY is the Goldman Sachs of crypto. @novogratz became a partner at Goldman in 1998 and then left to start Fortress in 2002 - Novo then became a billionaire after their IPO in 2007 running a killer $2.3B macro book there. After Fortress Novo bought over XXXXXX $BTC sub $XXX and XXXXXXX $ETH sub $X. He then went on to start Galaxy Digital which now has over XXX employees (650 focused on crypto and XXX focused on data centers IIRC) Galaxy has amassed a >$3B balance sheet of crypto, crypto investments and cash alongside top tier institutional partnerships and JVs and extensive crypto business lines. Galaxy's crypto business lines include: Franchise Trading (Principal liquidity, derivatives, lending & structured products) - $874M loan book (2nd or 3rd largest CeFi lender in all of crypto) - XXXXX trading counterparties with >$10B in trading volume per quarter (cool to see this recent BTC whale using Galaxy to sell their BTC) Investment Banking (M&A advisory, equity and debt capital markets, general advisory) - Advisor to Bitstamp on their sale to $HOOD- Has been an investor and involved in recent treasury deals like $SBET and $BMNR Asset management (Alternatives, Global ETFs/ETPs, Crypto Services) - >$7B of assets on the platform (involved with multiple ETFs) - Won contracts like the FTX estate deal - >$3B in assets staked with them (4th largest validator on Solana, rumored to becoming a $HYPE validator) ^ Involved with lots of these treasury companies and can help them custody + stake assets like $ETH $SOL $HYPE - Galaxy is a go to player for these companies - Just announced an oversubscribed crypto venture fund of $175M Infrastructure Solutions (Staking Solutions, GK8 - custody/tokenization) - Owns GK8 an institutional grade self custody and tokenization platform - Is in a joint venture for @AllUnityStable the first fully regulated EURO stable coin (owns 33%, XX% owned by flow traders and XX% owned by DWS) Novogratz is truly building the Goldman Sachs of crypto and I am here for it! XXXXXX engagements  **Related Topics** [glxy](/topic/glxy) [$eth](/topic/$eth) [$btc](/topic/$btc) [$23b](/topic/$23b) [ipo](/topic/ipo) [novo](/topic/novo) [$glxy](/topic/$glxy) [galaxy digital](/topic/galaxy-digital) [Post Link](https://x.com/FloodCapital/status/1947690841809588503)
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Duncan @FloodCapital on x 28.4K followers
Created: 2025-07-22 16:10:57 UTC
$GLXY is the Goldman Sachs of crypto. @novogratz became a partner at Goldman in 1998 and then left to start Fortress in 2002 - Novo then became a billionaire after their IPO in 2007 running a killer $2.3B macro book there. After Fortress Novo bought over XXXXXX $BTC sub $XXX and XXXXXXX $ETH sub $X.
He then went on to start Galaxy Digital which now has over XXX employees (650 focused on crypto and XXX focused on data centers IIRC) Galaxy has amassed a >$3B balance sheet of crypto, crypto investments and cash alongside top tier institutional partnerships and JVs and extensive crypto business lines.
Galaxy's crypto business lines include:
Franchise Trading (Principal liquidity, derivatives, lending & structured products)
- $874M loan book (2nd or 3rd largest CeFi lender in all of crypto)
- XXXXX trading counterparties with >$10B in trading volume per quarter (cool to see this recent BTC whale using Galaxy to sell their BTC)
Investment Banking (M&A advisory, equity and debt capital markets, general advisory)
- Advisor to Bitstamp on their sale to $HOOD- Has been an investor and involved in recent treasury deals like $SBET and $BMNR
Asset management (Alternatives, Global ETFs/ETPs, Crypto Services)
$7B of assets on the platform (involved with multiple ETFs) - Won contracts like the FTX estate deal - >$3B in assets staked with them (4th largest validator on Solana, rumored to becoming a $HYPE validator) ^ Involved with lots of these treasury companies and can help them custody + stake assets like $ETH $SOL $HYPE - Galaxy is a go to player for these companies
- Just announced an oversubscribed crypto venture fund of $175M
Infrastructure Solutions (Staking Solutions, GK8 - custody/tokenization)
- Owns GK8 an institutional grade self custody and tokenization platform
- Is in a joint venture for @AllUnityStable the first fully regulated EURO stable coin (owns 33%, XX% owned by flow traders and XX% owned by DWS)
Novogratz is truly building the Goldman Sachs of crypto and I am here for it!
XXXXXX engagements
Related Topics glxy $eth $btc $23b ipo novo $glxy galaxy digital