Improved access to bitcoin and other digital
asset products, as well as educational resources, helps advisors
with growing client interest.
NEW YORK, June 16, 2020 /CNW/ -- Galaxy Digital
Holdings Ltd. (TSXV: GLXY), through its asset management
affiliate Galaxy Digital Capital Management LP, and CAIS, the
industry leading alternative investment platform, today announced a
strategic partnership providing financial advisors with streamlined
access to Galaxy Digital Asset Management's investment products,
plus educational resources spanning blockchain and digital assets.
The partnership increases awareness and knowledge of blockchain and
digital assets at a critical time for advisors, who are
experiencing increased client demand for related products.
"CAIS' reputation as the platform of choice for advisors seeking
alternative investment access and education makes them the perfect
partner," said Mike Novogratz, CEO
of Galaxy Digital. "With the current macro environment and
heightened interest in digital assets, it's more important than
ever that we empower advisors to have informed client conversations
and arm them with institutional-quality products that can integrate
easily into client portfolios."
"Galaxy Digital is a best-in-class provider for blockchain and
digital asset investment solutions. They're the market-leader in
the institutionalization of this space, and that's why we're proud
to have them as our digital assets platform partner," said
Matt Brown, CEO of CAIS. "Because
advisors are more focused than ever on learning more about digital
assets, partnering with Galaxy aligns perfectly with our goal to
bring improved transparency and deeper understanding to all
alternative investment strategies."
The CAIS platform offers financial advisors access to a complete
end-to-end solution, including a broad selection of alternative
investment funds and products, independent due diligence from
Mercer, tools and analytics, a streamlined investment process, and
integration with custodians for greater reporting accuracy.
CAIS IQ, the artificial intelligence-powered learning platform
that helps financial advisors learn faster, remember longer, and
enhance client outcomes, will use cutting-edge technology to
educate advisors about blockchain, digital assets, and bitcoin.
Both the Investment & Wealth Institute (IWI) and the
Certified Financial Planner (CFP) Board offer Continuing Education
credit through CAIS IQ.
"Three out of four financial advisors have received client
questions about digital assets and blockchain technology, and over
half are likely to allocate client portfolios to bitcoin over the
next twelve months," said Steve
Kurz, Galaxy Digital's Head of Asset Management. "Our
groundbreaking partnership with CAIS will both prepare advisors to
have thoughtful client conversations about digital assets, and
provide institutional-quality digital asset solutions for client
portfolios."
The CAIS partnership builds upon Galaxy's existing strategic
relationships, which include Bloomberg for data integrity and
standardization via the Bloomberg Galaxy Crypto Index (BGCI), and
ICE/Bakkt for institutional bitcoin custody.
About Galaxy Digital
Galaxy Digital Holdings Ltd.
(TSXV: GLXY) is a diversified financial services and
investment management company in the digital asset, cryptocurrency,
and blockchain technology sector. Galaxy Digital's team has
extensive experience spanning investing, portfolio management,
capital markets, operations, asset management, and blockchain
technology. Galaxy Digital currently operates four distinct
business lines, which include: Trading, Asset Management, Principal
Investments, and Advisory Services. Galaxy Digital's CEO and
Founder is Michael Novogratz. The Company is headquartered
in New York City, with offices in San
Francisco, London, Tokyo, Hong Kong, the Cayman
Islands (registered office), and New Jersey. Additional
information about the Company's businesses and products is
available on www.galaxydigital.io and
www.galaxyfundmanagement.com.
About Galaxy Digital Capital Management LP
Galaxy
Digital Capital Management LP, an SEC-registered investment
advisor, is a diversified asset management firm dedicated to the
digital assets and blockchain technology industry. The firm
manages capital on behalf of external clients through its Galaxy
Fund Management unit, which manages two passive, exposure-oriented
digital assets products, as well as its Galaxy Interactive unit,
which manages an interactive software and blockchain-oriented
venture strategy. Galaxy Digital Capital Management's
multi-disciplinary team has deep experience across active and
passive portfolio management, capital markets, operations, and
blockchain technology. The firm is a subsidiary of Galaxy
Digital Holdings.
About CAIS
CAIS is the leading financial technology
platform for financial advisors who seek improved access to and
education about alternative investment strategies. CAIS offers
financial advisors a complete end-to-end solution, including a
broad selection of alternative investment funds and products,
independent due diligence reports, tools and analytics, streamlined
investment process, and CAIS IQ, a personalized learning system
that helps advisors learn faster, remember longer, and master
alternative investments. Founded in 2009 and headquartered in
New York City, CAIS creates a
level playing field for financial advisors of all sizes to attract
new business and grow wallet share.
Galaxy Digital Contacts
Steve Kurz, Head of Asset
Management
Email: GDAM@galaxydigital.io
Tel: 212-390-9216
For Galaxy Digital media inquiries:
Aidan O'Connor, Prosek Partners
Email: aoconnor@prosek.com
Tel: 646-818-9283
CAIS Contact
Tony
Fassi
Jones-Dilworth, Inc.
Email: tony@jones-dilworth.com
Tel: 512-826-3428
Disclaimers
CAIS is an NFA member with securities offered through CAIS
Capital LLC, member of FINRA, SIPC.
Securities transactions are effected through Galaxy Digital
Advisors LLC, a member of FINRA and SIPC. Galaxy
Digital Capital Management LP is an affiliate of Galaxy Digital
Holdings Ltd., a company listed on the TSX Venture
Exchange. The TSXV has neither approved nor disapproved the
contents of this press release. Neither the TSXV nor its Regulation
Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this
release. The relationship outlined between CAIS and Galaxy is
subject to definitive documentation and completion of diligence.
Certain statements reflect Galaxy's views, estimates, opinions or
predictions (which may be based on proprietary models and
assumptions, including, in particular, Galaxy's views on the
current and future market for digital assets), and there is no
guarantee that these views, estimates, opinions or predictions are
currently accurate or that they will be ultimately realized. This
announcement is not an offer to buy or sell, nor is it a
solicitation to buy or sell any securities. BLOOMBERG is a
trademark or service mark of Bloomberg Finance L.P. GALAXY is a
trademark of GDCM. Bloomberg Finance L.P. and its affiliates
(collectively, Bloomberg) are not affiliated with GDCM, the Fund
and their respective affiliates (collectively, Galaxy). Bloomberg's
association with Galaxy is to act as the administrator and
calculation agent of the CFIX (the "Index"), which is the property
of Bloomberg. Neither Bloomberg nor Galaxy guarantee the
timeliness, accurateness, or completeness of any data or
information relating to the Index or results to be obtained.
Neither Bloomberg nor Galaxy make any warranty, express or implied,
as to the Index, any data or values relating thereto or any
financial product or instrument linked to, using as a component
thereof or based on the Index (Products) or results to be obtained
therefrom, and expressly disclaims all warranties of
merchantability and fitness for a particular purpose with respect
thereto. To the maximum extent allowed by law, Bloomberg, it
licensees, Galaxy and its and their respective employees,
contractors, agents, suppliers, and vendors shall have no liability
or responsibility whatsoever for any injury or damages—whether
direct, indirect, consequential, incidental, punitive, or
otherwise—arising in connection with the Index, any data or values
relating thereto or any Products—whether arising from their
negligence or otherwise.
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SOURCE Galaxy Digital Holdings Ltd.