“In addition, Mike Novogratz’s Galaxy Digital and the venture divisions of Commerzbank, the second-largest bank in Germany, participated in the round which values the company at $500 million.
“This is further confirmation of institutional interest in the crypto space.
“Rather than invest in crypto assets themselves, the preferred method for major financial institutions to gain exposure is to invest in the infrastructure which supports the industry.”
Wall Street is similarly optimistic, as Paul Veradittakit, a partner at Pantera Capital, told Bloomberg the exposure to cryptocurrencies would lead some people to see the collapse as a “buying opportunity.”
Published at Mon, 16 May 2022 14:57:22 +0000