Until the crypto industry is fully decentralized, demand transparency and credibility. As a public company, we welcome you to explore our governance, operational and risk controls as we build infrastructure for the long term.
At Galaxy, transparency and disclosure are fundamental to our business. We strive to ensure that our shareholders, investors, clients, and employees can rely on us to operate in a responsible and ethical manner. We regularly make public, extensive information about our operations and financial performance under the oversight of our Board of Directors and Audit Committee.
Galaxy Asset Management has built a track record of managing a broad suite of strategies invested across digital assets, public equities, and alternative assets. Our blockchain-based Infrastructure Solutions provide the critical technology and services for institutions to securely engage with and manage their digital assets.
Our funds have historically not traded tokens on-exchange and have instead accessed liquidity through premier OTC trading counterparties. This conservative approach has protected client assets during periods of stress and we’ll continue to actively monitor the rapidly evolving exchange ecosystem.
Qualified third-party custodians maintain and safeguard our Asset Management client assets one-to-one in cold storage with insurance protection. Where possible, we implement a multi-custodial model.
We perform initial and ongoing diligence regarding operational risks, quality of service, suitability, financial stability, and reputational standing.
All funds utilize independent, third-party fund administrators who maintain full books and records.
Counterparty of choice
Galaxy’s trading arm is a separate, distinct business that provides spot, derivative, and financing liquidity to institutional investors that transact in digital assets.
Galaxy does not offer trading services to retail counterparties, nor does it operate a cryptocurrency exchange or qualified custodian business that accepts customer deposits of digital assets. Galaxy’s trading division faces only eligible contract participants, entering into all transactions on a principal-to-principal basis.
Galaxy’s lending business is conducted exclusively on a principal-to-principal basis and doesn’t face retail investor clients in such transactions. All Galaxy lending and borrowing counterparties are Eligible Contract Participants, as defined by the Commodities Exchange Act.
Galaxy is committed to managing and mitigating risk. We approach risk management as an essential business process that is integrated throughout our company. We conduct mandatory annual Compliance, Anti-Money Laundering, Know Your Customer, Market Manipulation, and Cybersecurity training for all employees.
Mitigating information security risks in a constantly evolving environment is fundamental to our ability to run our business and serve our clients. We utilize advanced technology and employ a comprehensive risk-based information security program aligned to best-practice industry security and compliance frameworks. Our disciplined approach to risk management positions us to continue to grow our business and create value for our shareholders and stakeholders.
At Galaxy, we’ve always prioritized transparency, giving institutional investors comfort as they’re navigating the space in a safe and trusted manner.
Mike Novogratz
Founder and CEO
CORE BUSINESS SEGMENTS
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