Galaxy acquires institutional crypto custody firm for $44M

Bitcoin (BTC) has passed Visa, a renowned payment card company, in market value. Despite high volatility levels in the crypto industry, bitcoin is steadily surpassing significant players in the global market.

Galaxy Digital invests

$44 million to acquire institutional cryptocurrency custody platform GK8.

Galaxy Digital has invested $44 million into an institutional cryptocurrency custody platform to tap into its proprietary asset storage and management capabilities.

Mike Novogratz’s cryptocurrency investment firm has completed the acquisition of GK8, which has developed its own patent cryptocurrency custody technology aimed at giving secure asset management for institutional users.

The service specializes in providing cold vault technology that allows the execution of transactions without internet connectivity. Its in-house