According to Bloomberg, Mike Novogratz, a billionaire and head of Galaxy Investment Partners, has been fueled by a new idea: the opening of a commercial bank interacting predominantly with the crypto-currency sphere. Recall that in December 2017, the businessman announced his plans to open a crypto-currency hedge fund, but the project could not be implemented because of a deep correction in the market.
Novograt said that he wants to open "the best of its kind trading bank, providing a full range of services in the crypto-currency and detached areas." As four main directions of the bank's activity were allocated: consulting, trade, investment and asset management.
Bloomberg also reports that the investment for this project ($ 200 million) Novograz plans to attract by placing shares of Galaxy Digital LP on the TSX Venture Exchange, the stock exchange in Canada.
