Galaxy closes GK8 acquisition

Galaxy Digital Holdings, the financial services and investment management provider in the digital asset, cryptocurrency, and blockchain technology sectors, has completed its acquisition of substantially all of the assets of GK8, an institutional digital asset custody platform, for approximately USD44m.

With the backing of Galaxy, GK8 will continue to develop and offer its digital asset custody solutions for institutions, including banks, trust companies, broker/dealers, and trading platforms. Galaxy also plans to incorporate GK8’s custody technology into GalaxyOne, the Company’s previously announced prime brokerage platform. Once launched, GalaxyOne will provide a suite of digital asset financial services to institutions, including trading, lending, derivatives, cross-portfolio margining, and several custody options.

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