Strategic Expansion in Digital Assets
Michael Novogratz’s Galaxy Digital (GLXY) has made a significant move by appointing Zac Prince as a managing director, as revealed in an internal memo obtained by CoinDesk. In this new role, Prince will collaborate closely with Galaxy’s President, Chris Ferraro, to enhance and expand the company’s offerings in the digital assets space.
A Pivotal Era for Cryptocurrency
According to the memo, Galaxy Digital is confident that the cryptocurrency industry is entering a critical phase of transformation. The firm has brought on Prince to help realize its strategic vision during this transformative period. His expertise will be essential in navigating the evolving landscape of digital finance.
Background of Zac Prince
Zac Prince is a well-known figure in the cryptocurrency sector, previously serving as the CEO and co-founder of the now-insolvent crypto lender, BlockFi. His experience in the industry, combined with his recent role as CEO of the real estate advisory firm RE Cost Seg, positions him as a valuable asset to Galaxy Digital.
Recent Key Appointments at Galaxy
This hire follows Galaxy’s earlier recruitment of Anthony Paquette, the former chief financial officer at Point72, who was appointed as CFO of the crypto financial services firm in December. These strategic hires reflect Galaxy Digital’s commitment to enhancing its leadership team and navigating the complexities of the digital asset market.
In summary, Zac Prince’s addition to Galaxy Digital underscores the firm’s focus on growth and innovation in the cryptocurrency arena, as it seeks to capitalize on the opportunities presented by the rapidly evolving financial landscape.
