Galaxy wins auction to acquire GK8

Galaxy Digital Holdings Ltd., a financial services and investment management provider in the digital asset, cryptocurrency, and blockchain technology sectors, intends to acquire GK8, a secure institutional digital asset self-custody platform. The acquisition will be the result of a sale process executed in connection with Celsius Network LLC‘s Chapter 11 bankruptcy and is subject to court approvals and other closing conditions.

GK8 provides solutions for institutions looking to custody their digital assets with the highest possible security, using patented technology to store cryptocurrencies and execute blockchain transactions without connecting to the internet. Galaxy intends to support GK8’s ongoing operations, as well as utilise GK8’s custody solution in the ongoing development of GalaxyOne. a new prime offering for institutional investors that will combine trading, lending, cross-portfolio margining, and derivatives with the company’s risk management processes, supported by a range of custody options, which will include those from GK8.

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