{"id":46863,"date":"2021-07-28T18:05:45","date_gmt":"2021-07-28T15:05:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46863"},"modified":"2025-09-01T18:33:43","modified_gmt":"2025-09-01T15:33:43","slug":"franklin-templeton-backs-galaxy-digitals-new-crypto-fund-of-funds-with-33-75-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/franklin-templeton-backs-galaxy-digitals-new-crypto-fund-of-funds-with-33-75-million\/","title":{"rendered":"Franklin Templeton backs Galaxy Digital&#8217;s new crypto fund of funds with $33.75 million"},"content":{"rendered":"<p>The cryptocurrency merchant bank Galaxy Digital, led by Mike Novogratz, has launched the Galaxy Vision Hill Venture Fund of Funds I. It attracted $33.75 million from Franklin Templeton, which has $1.4 trillion <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> and other unnamed investors.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Franklin Templeton (+$1 trillion AUM) backed <a href=\"https:\/\/twitter.com\/GalaxyDigitalHQ?ref_src=twsrc%5Etfw\">@GalaxyDigitalHQ<\/a>\u2018s venture fund of funds<\/p>\n<p>Latest by <a href=\"https:\/\/twitter.com\/caseywagnerr?ref_src=twsrc%5Etfw\">@caseywagnerr<\/a> <a href=\"https:\/\/t.co\/4jvmBNkJmh\">https:\/\/t.co\/4jvmBNkJmh<\/a><\/p>\n<p>\u2014 Blockworks (@Blockworks_) <a href=\"https:\/\/twitter.com\/Blockworks_\/status\/1420049051828068358?ref_src=twsrc%5Etfw\">July 27, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This is Galaxy Digital&#8217;s first initiative after the acquisition in May of the asset manager Vision Hill Group. The firm positions itself as a leading investment adviser, asset manager in the cryptocurrency space, and developer of market-analysis solutions.<\/p>\n<p>Galaxy Vision Hill Venture Fund of Funds I will focus on investments in projects related to <span data-descr=\"decentralized finance\" class=\"old_tooltip\">DeFi<\/span>, <span data-descr=\"non-fungible tokens\" class=\"old_tooltip\">NFT<\/span>, Web 3.0, infrastructure and services. The fund will focus on pre-seed and seed stages. One of the fund&#8217;s investment targets is Spartan Group.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>We position the fund as a comprehensive investment platform in the blockchain and digital assets industry<\/em>, said Galaxy Digital partner Steve Kurtz.<\/p>\n<\/blockquote>\n<p>The parent company of Vision Hill Group, Galaxy Fund Management, will in the future offer actively managed and market-neutral funds for a broad range of investors.<\/p>\n<p>In February, Galaxy Digital announced the launch of a new research department and a 40% rise in staff. Previously, the company opened a Bitcoin mining division.<\/p>\n<p>Earlier, the crypto bank agreed to acquire custody provider BitGo for about <a href=\"https:\/\/forklog.com\/en\/news\/galaxy-digital-to-acquire-bitgo-custodian-for-about-1-2-billion\">$1.2 billion<\/a> in stock and cash.<\/p>\n<p> Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency merchant bank Galaxy Digital, led by Mike Novogratz, launched the Galaxy Vision Hill Venture Fund of Funds I. It attracted $33.75 million from Franklin Templeton, which has $1.4 trillion in assets under management, and other unnamed investors.<\/p>\n","protected":false},"author":1,"featured_media":46864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1383,770,1133],"class_list":["post-46863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-franklin-templeton","tag-galaxy-digital","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=46863"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46863\/revisions"}],"predecessor-version":[{"id":46865,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46863\/revisions\/46865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/46864"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=46863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=46863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=46863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}