Galaxy Digital, that plucky New York upstart helmed by the dashing Mike Novogratz, is throwing its digital hat into the rather crowded money-market ring. Their grand plan? To launch a tokenized money-market fund that might just tempt investors away from the usual bigwigs like BlackRock and Franklin Templeton who, frankly, could use a bit of blockchain razzle-dazzle. 🕺
The fund, scheduled for a debut sometime between here and the next tea break, vows to pirouette gracefully across Ethereum, Solana, and Stellar. Though, don’t get your knickers in a twist-Galaxy won’t be throwing their whole blockchain brigade at once. Anchorage Digital has nobly volunteered to play custodian, probably because someone has to keep the crypto cookies from disappearing. 🍪
Galaxy’s masterstroke is this: marrying the stodgy old investment world with the flashy new blockchain gizmos, aiming for what the insiders romantically call “instant liquidity.” Translation: money that moves faster than a butler spotting a suspicious noise in the dead of night. 🕵️♂️
Having watched BlackRock’s $2.2 billion BUIDL fund and Franklin Templeton’s BENJI token like a hawk eyeing a particularly juicy rabbit, Galaxy reckons it can out-charm and out-maneuver them with snazzier investor access and liquidity features-because who doesn’t like a bit more jazz hands when it comes to their money?
Expansion Through Tokenization (Because Subtlety Is Overrated)
Not content with tokenizing funds, Galaxy went on a Solana shopping spree last Sunday, dropping a cool $306 million on Solana tokens in a single day, according to the ever-watchful Lookonchain. Picture a high-stakes gambler, but with digital coins rather than poker chips. ♠️
Galaxy Digital bought another 1.2M $SOL ($306M) in the past 24 hours.
Their total buys over the past 5 days have now reached ~6.5M $SOL ($1.55B).
– Lookonchain (@lookonchain) September 15, 2025
With 1.2 million SOL scooped from assorted exchanges and stashed securely in the digital equivalent of Fort Knox via Fireblocks, Galaxy’s recent shopping excursion has blown well past $1.5 billion. One suspects their crypto closet is now positively bursting at the seams. 🎩
In a further twist, Galaxy has teamed up with Multicoin Capital and Jump Crypto to bankroll Forward Industries-a company that made its name in medical gadgets but has now done a nifty pivot, switching Solana treasuries and raising a cool $1.65 billion. Talk about a career change! 👔
Galaxy is also buzzing about how tokenized funds and treasury investments might just give traditional finance a bit of a shake-up. Instant liquidity across multiple blockchains could make those stodgy old financial players wish they’d brought their dancing shoes. 💃
In short, Galaxy is betting hard on tokenization and piling into Solana like a kid hoarding candy, determined to lead the institutional crypto charge and prove that blockchain isn’t just a passing fad, but the real McCoy. Hold onto your bowler hats, folks-this ride is just getting started.
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2025-09-16 23:57