Galaxy completed its first external fundraising venture capital fund with $175 million.

PANews, June 26 news, reported by Fortune, that crypto giant Galaxy has announced the completion of its first venture capital fund raising, totaling $175 million, exceeding the original target of $150 million. This fund marks Galaxy's first introduction of external capital, focusing on investments in stablecoins, Decentralized Finance, and other areas at the intersection of TradFi and Blockchain. Galaxy has deployed approximately $50 million into projects such as Monad and Ethena.