Galaxy Digital completed the acquisition of DrawBridge Lending and Blue Fire Capital.

Galaxy Digital, a diversified financial services and investment management company, completed the acquisition of DrawBridge Lending and Blue Fire Capital, two cryptocurrency trading firms. Financial terms were not disclosed. "Institutional investors and corporates are becoming more knowledgeable and comfortable with digital assets and they are increasingly grasping the purpose and importance of cryptocurrency in their investment strategies. We are looking forward to seamlessly integrating DrawBridge and Blue Fire into Galaxy Digital Trading and strategically leveraging our world-class team, technology and solutions to help further meet what we believe will be an even bigger wave of institutional demand," Michael Novogratz, Galaxy Digital Founder and CEO.