Galaxy Digital Unveils $26 Million AVAX Investment Vehicle with 2-Year Lock-In
Galaxy Digital has launched a new investment vehicle focused on Avalanche (AVAX), raising $26 million. This initiative comes with a two-year lock-in period and offers investors a discount exceeding 40%, as per regulatory filings and industry sources.
Details of the New Investment Fund
The fund, named Galaxy Digital Crypto Vol Fund LLC Galaxy Digital Locked AVAX (2-Year) Series, was established in Delaware in 2024. It is structured as a limited liability company (LLC) and includes notable figures in its management team:
- Jason Urban – Director
- Frank Falco – Chief Compliance Officer
Both directors operate out of the Chicago office, bringing significant expertise to the fund’s management.
Investment Terms and Structure
This new investment vehicle offers equity and pooled investment fund shares, and importantly, there is no minimum investment requirement for external investors. The offering is distinct from any business combination transactions such as mergers or acquisitions.
The fund is expected to be completed within one year of its commencement on July 22, 2024, providing investors with a unique opportunity to invest in AVAX with favorable terms.
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