- Former BlockFi CEO Zac Prince joins Galaxy Digital as managing director to work with President Chris Ferraro.
- Prince’s appointment aligns with Galaxy’s vision of crypto entering a transformative phase.
- Prior to joining Galaxy, Prince served as CEO at RE Cost Seg for one year.
- This hiring follows Galaxy’s December appointment of Anthony Paquette as CFO from Point72.
- Galaxy continues to strengthen its executive team amid evolving crypto market conditions.
Galaxy Digital, the cryptocurrency-focused financial services firm led by billionaire Michael Novogratz, has appointed former BlockFi co-founder Zac Prince as managing director, marking a significant addition to its executive roster during a period of strategic expansion.
Prince will collaborate closely with Chris Ferraro, Galaxy’s President, to enhance the company’s digital assets offerings. The appointment comes as Galaxy positions itself to capitalize on what it describes as a “pivotal era of transformation” in the cryptocurrency sector.
The hiring represents a notable transition for Prince, who previously led BlockFi, a cryptocurrency lending platform that filed for bankruptcy in November 2022 amid the broader crypto market downturn. Prior to joining Galaxy, he spent a year as CEO of real estate advisory firm RE Cost Seg.
This executive appointment follows Galaxy’s recent leadership enhancement initiative, which included hiring former Point72 executive Anthony Paquette as Chief Financial Officer in December. These strategic hires reflect Galaxy’s commitment to strengthening its institutional cryptocurrency services amid evolving market dynamics.
The combination of Prince’s crypto industry experience and Galaxy’s established market presence could prove significant as the digital asset sector continues its recovery from the 2022 market downturn. Galaxy has consistently worked to bridge the gap between traditional finance and cryptocurrency markets, offering services ranging from trading and asset management to mining and investment banking.
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