New partnership combines the best-in-class
expertise of both firms to bring clients an array of new
U.S.-listed investment opportunities in the digital asset space
ATLANTA and NEW YORK, Sept. 22,
2021 /CNW/ - Galaxy Digital Holdings Ltd. (TSX:
GLXY)1 ("Galaxy Digital") a leading financial services
innovator in the digital asset, cryptocurrency, and blockchain
technology sectors, and Invesco Ltd. (NYSE: IVZ), a leading global
asset management firm, announced today a strategic partnership to
develop a comprehensive suite of U.S.-listed, physically
backed, digital asset exchange-traded funds ("ETFs"). This
alliance of market-leading capabilities will offer investors an
unprecedented combination of solutions and information that give
structure to the complex and fast-moving digital assets space.
![Invesco & Galaxy Digital Logo (CNW Group/Galaxy Digital Holdings Ltd.) Invesco & Galaxy Digital Logo (CNW Group/Galaxy Digital Holdings Ltd.)](https://mma.prnewswire.com/media/1630449/Galaxy_Digital_Holdings_Ltd__Invesco_ETFs_and_Galaxy_Digital_Par.jpg)
"Invesco has a long history of using ETFs to democratize
investor access to disruptive, innovative asset classes. Now,
through our partnership with market leader Galaxy Digital, we are
able to incorporate their expertise of blockchain technology,
digital assets and cryptocurrency into our product capabilities,"
said John Hoffman, Head of Americas,
ETFs & Indexed Strategies at Invesco. "This combination of
complementary strengths will help clients safely and prudently
navigate this exciting new asset class to help meet their desired
investment outcomes."
"Galaxy Digital is laser-focused on helping investors safely and
efficiently access this burgeoning asset class," added Steve Kurz, Head of Asset Management at Galaxy
Digital. "Our partnership with Invesco, a longstanding ETF
innovator, will bring the same thoughtful approach to educating
investors about digital assets as Invesco has brought to the ETF
industry itself."
In the last three years, Invesco ETFs & Indexed Strategies
has more than doubled its assets under management ("AUM") to
$471 billion USD2 globally
by both launching new ETFs and elevating existing products that
help solve specific client needs.
Galaxy Digital has $2.1 billion
USD in AUM3. Its asset management business is
rapidly expanding its capabilities to provide institutional-grade
exposure to every investable corner of the crypto and blockchain
ecosystems. As a first mover and leader in digital asset and
blockchain funds, the asset management team combines extensive
experience at both top-tier financial institutions and within the
digital asset sector, working closely with bank platforms,
institutional investors, and asset managers across distribution,
client service, operations, and portfolio management.
1 Galaxy Digital Holdings Ltd. is not affiliated with
Invesco.
2 Source, Invesco Finance, as of June 30, 2021
3 Source, Galaxy Digital Finance, as of
August 31, 2021
About Invesco Ltd.
Invesco Ltd. is a global
independent investment management firm dedicated to delivering an
investment experience that helps people get more out of life. Our
distinctive investment teams deliver a comprehensive range of
active, passive and alternative investment capabilities. With
offices in more than 20 countries, Invesco managed $1.5 trillion in assets on behalf of clients
worldwide as of June 30, 2021. For
more information, visit www.invesco.com.
About Galaxy Digital
Galaxy Digital is a diversified
financial services and investment management company in the digital
asset, cryptocurrency, and blockchain technology sectors. Galaxy
Digital's team has extensive experience spanning investing,
portfolio management, capital markets, venture capital, asset
management, and blockchain technology. Galaxy Digital operates in
the following businesses: Trading, Asset Management, Principal
Investments, Investment Banking, and Mining. Galaxy Digital's CEO
and Founder is Mike Novogratz. The
Company is headquartered in New York
City, with offices in Chicago, San
Francisco, London,
Amsterdam, Tokyo, Hong
Kong, the Cayman Islands
(registered office), and New
Jersey.
Disclaimers
The TSX has neither approved nor disapproved the contents of
this press release.
SOURCE Galaxy Digital Holdings Ltd.