Galaxy Digital Inc. Expands as Key Investor in $10M Seed Round for Bitcoin Yield Innovation with Function

Reuters

07-16

<a href="https://laohu8.com/S/GLXY">Galaxy Digital</a> Inc. Expands as Key Investor in $10M Seed Round for Bitcoin Yield Innovation with Function

Galaxy Digital Inc. is expanding its reach in the financial markets with a strategic investment in Function, a company formerly known as Ignition. As a core contributor in a $10 million seed round alongside Antalpha and Mantle, Galaxy Digital is helping transform Bitcoin from a passive store of value into a productive financial asset. This collaboration supports the development of FBTC, a fully reserved Bitcoin asset, aiming to establish a gateway for institutional Bitcoin productivity. The partnership enhances infrastructure for Bitcoin's integration into global financial markets, focusing on liquidity, governance, and security standards. This move aligns with the growing trend of Bitcoin evolving beyond a passive investment, enabling corporate treasuries to optimize their holdings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Galaxy Digital Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LN31391) on July 16, 2025, and is solely responsible for the information contained therein.

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