Galaxy Digital CEO Mike Novogratz
Galaxy Digital CEO Mike Novogratz. The Wall Street Journal

The asset management affiliate of Galaxy Digital Holdings Ltd., Galaxy Digital Capital Management LP, and the alternative investment platform CAIS announced a strategic partnership that will allow financial advisors to access Galaxy Digital Asset Management’s investment products and educational resources covering blockchain and digital assets in a streamlined manner.

This collaboration is expected to boost blockchain and digital assets knowledge levels at a time when advisors are also expecting increased client demand for blockchain-related products and services.

Galaxy Digital Holdings is a merchant banking institution focused on digital assets and blockchain technology. It operates across various business sections through subsidiaries. Galaxy Digital Capital Management LP is its asset management affiliate committed to the digital asset and blockchain technology sector.

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Galaxy Digital’s CEO, Mike Novogratz, complimented their new partners:

“CAIS’ reputation as the platform of choice for advisors seeking alternative investment access and education makes them the perfect partner. With the current macro environment and heightened interest in digital assets, it’s more important than ever that we empower advisors to have informed client conversations and arm them with institutional-quality products that can integrate easily into client portfolios.”

Matt Brown, CEO of CAIS, returned the favor:

“Galaxy Digital is a best-in-class provider for blockchain and digital asset investment solutions. They’re the market leader in the institutionalization of this space, and that’s why we’re proud to have them as our digital assets platform partner. Because advisors are more focused than ever on learning more about digital assets, partnering with Galaxy aligns perfectly with our goal to bring improved transparency and deeper understanding to all alternative investment strategies.”

CAIS is a New York-based financial product platform founded in 2009, which provides financial advisors with access to education on diversified investment strategies. It is a full end-to-end solution, which includes a wide gamma of alternative investment funds, due diligence reports, tools, and analytics.

Its personalized learning system CAIS IQ aids advisors to learn faster and master alternative investments. It is artificial intelligence-powered and uses cutting-edge technology to educate advisors about blockchain and digital assets. Continuing education credit via CAIS IQ is offered by the Certified Financial Planner (CFP) Board and the Investment & Wealth Institute (IWI).

Steve Kurz, Galaxy Digital’s Head of Asset Management, also commented on the partnership:

“Three out of four financial advisors have received client questions about digital assets and blockchain technology, and over half are likely to allocate client portfolios to bitcoin over the next twelve months. Our groundbreaking partnership with CAIS will both prepare advisors to have thoughtful client conversations about digital assets, and provide institutional-quality digital asset solutions for client portfolios.”

Galaxy’s relationship with CAIS builds upon previous partnerships, such as the one with Bloomberg for data integrity and standardization via the Bloomberg Galaxy Crypto Index (BGCI), and the one with ICE/Bakkt for institutional bitcoin custody.

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