Not long ago, a bitcoin mine.
Today, Helios is an operational AI data center.
First data hall delivered to @CoreWeave at Helios — Galaxy's data center campus in West Texas, approved to support up to 1.6GW of capacity and one of the largest developments of its kind in North America.
We're just getting started.
The path forward: a principles-based framework that honors the Rule's spirit, MPC key management, governance controls, third party audits, onchain transparency, and disciplined protocol diligence.
Ian Irlander (Counsel, Galaxy Asset Management) and Nora Joyce (Legal Intern) explore these topics in the full blog post here: https://t.co/CiHzfsaC2O
Many registered investment advisers struggle to honor their clients’ requests to deploy client capital into DeFi while remaining compliant with the requirements of the SEC’s Custody Rule.
We wrote about the structural compliance gap holding back onchain strategies.
The current version of the Rule Takes self-custody off the table by requiring that client funds and securities sit with a Qualified Custodian (QC) .
But achieving technical interoperability between QCs and new tokens, chains or DeFi protocols is lengthy and costly; most QCs either can’t or won't support most forms of DeFi interaction.
Meanwhile, fiduciary duty makes categorically avoiding DeFi hard to justify for clients who want exposure.
Institutions benefit from more accountable partners in digital assets, and it's good to see a dedicated, independent voice being built like Ethereum Institutional in that space.
1/ Announcing Ethereum Institutional
An independent non-profit dedicated to accelerating the institutional adoption of Ethereum, its L2s, applications and overall ecosystem.
Galaxy Ventures is proud to be an early investor of @Etched, now coming out of stealth with a breakthrough inference architecture, $1B+ in customer contracts*, and racks shipping this summer.
Etched is working to solve AI's biggest bottleneck, inference at scale, with fierce founders leading the way.
We're coming out of stealth.
We've built our first racks after a successful A0 tapeout, $1B+ in customer contracts, and $800m raised.
Early customer tests show us achieving SOTA throughput, latency, and power efficiency on inference workloads.
Our first racks ship this summer.
Someone staked out the Super Bowl to win a prediction market bet.
Is timing a national anthem rehearsal from a parking lot insider information or just better research?
Full Galaxy Brains episode here: https://t.co/R5K7XNyuJg
BTC just closed below 60K for the first time since September 2024. Strategy announced a $1B Bitcoin monetization plan. And a single KOL token triggered a wild liquidity migration on Solana.
Is Strategy selling Bitcoin the biggest risk to crypto right now?
Galaxy Grid Ep. 36 is live now⤵️
The firm that bet $10M against the Clarity Act actually wants it to pass.
Galaxy's Gil Wassermann on how @arca used a prediction market to hedge their crypto portfolio against the risk of Clarity failing.
This is possible because of what Jaisel and the Levl have built.
If you're building in onchain finance and want to work together, reach out to [email protected].
From @cj_huntzinger, Head of Platform at Galaxy Ventures.
We led @LevlFi's $7M seed round after Jaisel Sandhu came to Galaxy as an entrepreneur-in-residence after years as a quant at AQR.
This is a case study of how Levl worked with our Venture Platform to grow from incubation to global operations.
https://t.co/OYww2ULesF
What stood out about Levl’s work with Galaxy was the breadth. They tapped Galaxy for liquidity and credit, product and engineering, legal and compliance, go-to-market, talent, design, and marketing. This is the Galaxy Ventures Platform on display.