Michael Novogratz is an American hedge fund manager, investor, and philanthropist who has become increasingly involved in the cryptocurrency industry. He is the founder and CEO of Galaxy Digital, a full-service merchant bank dedicated to the digital assets and blockchain technology industry that offers trading, principal investments, asset management, and advisory services for both institutions and individuals.
Novogratz began his career at Goldman Sachs where he was responsible for fixed income sales & trading business from 1989 to 2002. After leaving Goldman Sachs he joined Fortress Investment Group as Principal & Director until 2015 when he retired from active investing. In 2017 however Novogratz announced his return to finance with a $500 million venture capital fund devoted exclusively to cryptocurrency related projects which later became Galaxy Digital.
In addition to founding Galaxy Digital Ventures LLC (the venture arm of Galaxy Digital), Michael launched the world’s first merchant bank focused on cryptocurrencies in 2018 named ‘Galaxy Digital Holdings Ltd’ which trades on Toronto Stock Exchange under ticker symbol GLXY. The company focuses on four core service areas – Trading/Principal Investing; Asset Management; Advisory Services; Merchant Banking & Capital Markets Activities – all within crypto-assets space such as Bitcoin (BTC) , Ethereum (ETH) , EOS etc., Initial Coin Offerings (ICOs) and Security Token Offerings (STOs).
Novogratz has also been famously vocal about his bullish views on Crypto markets while actively advocating its global adoption through various initiatives such as lectures at Princeton University or by supporting non-profit organization around Blockchain technology education . He often takes part in events related to cryptocurrencies like speaking sessions or panels regarding their potential future outlooks or implications for global economy . His research papers have appeared in renowned publications including Harvard Business Review Magazine where he discussed how blockchain might impact existing financial system .
Apart from his involvement in crypto world Michael also serves as Chairman of Medici Ventures Inc., a wholly owned subsidiary of Overstock Inc., whose mission is advancing blockchain technologies aimed at disrupt traditional industries such as Financial Services , Healthcare etc
