{"id":66561,"date":"2022-08-31T17:21:13","date_gmt":"2022-08-31T14:21:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66561"},"modified":"2025-09-07T01:59:50","modified_gmt":"2025-09-06T22:59:50","slug":"top-executives-from-galaxy-digital-and-genesis-to-launch-a-500-million-crypto-fund","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/top-executives-from-galaxy-digital-and-genesis-to-launch-a-500-million-crypto-fund\/","title":{"rendered":"Top executives from Galaxy Digital and Genesis to launch a $500 million crypto fund"},"content":{"rendered":"<p>A group of executives from Galaxy Digital, Genesis and Convex Trading<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1942189\/000194218922000001\/xslFormDX01\/primary_doc.xml?utm_source=newsletter&#038;utm_medium=email&#038;utm_campaign=sendto_pronewslettertest&#038;stream=top\"> filed an application<\/a> with the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> to register DBA Crypto Fund I LP for $500 million.<\/p>\n<p>The company has not yet raised any funds.<\/p>\n<p>The general partners of the vehicle are Galaxy Digital&#8217;s Co-Chair of Investments Michael Jordan, Genesis&#8217; head of derivatives Joshua Lim, former Genesis Vice President of Trading Roshun Patel, and Shane Barratt, CEO and co-founder of Convex Trading.<\/p>\n<p>Axios noted that the fund will be led by specialists from companies affected by the collapse of Terra and by the problems at the hedge fund Three Arrows Capital.<\/p>\n<p>Earlier, in July it was disclosed that the latter owed Genesis Trading <a href=\"https:\/\/forklog.news\/three-arrows-capital-zadolzhal-2-36-mlrd-otc-platforme-genesis\/\">$2.36 billion<\/a>. Support for the OTC platform was provided by its parent company Digital Currency Group, which assumed certain obligations.<\/p>\n<p>In August, the firm&#8217;s CEO Michael Moro <a href=\"https:\/\/u1f987.com\/en\/news\/michael-moro-steps-down-as-genesis-trading-ceo\">left his position<\/a> after seven years. Genesis Trading carried out significant leadership reshuffles.<\/p>\n<p>Galaxy Digital <a href=\"https:\/\/forklog.io\/razrabotchik-stejblkoina-terra-privlek-150-mln-ot-galaxy-digital-pantera-capital-i-drugih-investorov\/\">became one of the investors<\/a> in Terraform Labs, which created the Terra ecosystem. The company also <a href=\"https:\/\/u1f987.com\/en\/news\/one-of-three-arrows-capitals-creditors-reveals-the-amount-of-claims-against-the-hedge-fund\">appeared on the creditor list<\/a> for Three Arrows Capital.<\/p>\n<p> Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A group of executives from Galaxy Digital, Genesis and Convex Trading filed an application with the SEC to register DBA Crypto Fund I LP for $500 million.<\/p>\n","protected":false},"author":1,"featured_media":66562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[770,2315,1133],"class_list":["post-66561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-galaxy-digital","tag-genesis-trading","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=66561"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66561\/revisions"}],"predecessor-version":[{"id":66563,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66561\/revisions\/66563"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/66562"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=66561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=66561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=66561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}