Galaxy Digital launches $26 million AVAX investment vehicle with 2-year lock-in and over 40% discount.
The initiative has a two-year lock-in period and offers a discount exceeding 40%, according to regulatory filings and industry sources.
The new fund, called Galaxy Digital Crypto Vol Fund LLC Galaxy Digital Locked AVAX (2-Year) Series, is structured as a limited liability company and was established in Delaware in 2024. Key figures in the fund’s management include Jason Urban, who serves as a director, and Frank Falco, who serves as Chief Compliance Officer. Both directors are based in the Chicago office.
The investment vehicle offers equity and pooled investment fund shares with no minimum investment requirement for external investors. The offering is not related to any business combination transaction, such as a merger or acquisition, and is intended to be completed within one year of commencement on July 22, 2024.
*This is not investment advice.