In a strategic move aimed at reinforcing its position in the digital asset landscape, Galaxy Digital (GLXY) has announced the appointment of Zac Prince as a managing director. This decision, revealed in an internal memo accessed by CoinDesk, underscores Galaxy’s commitment to evolving its offerings in a rapidly changing crypto market.
Prince will collaborate closely with Galaxy’s President, Chris Ferraro, to enhance the company’s digital asset services. Galaxy Digital has expressed its belief that the cryptocurrency industry is entering a pivotal era of transformation, and Prince’s experience and vision are seen as crucial to facilitating the firm’s strategic objectives.
Before joining Galaxy, Zac Prince served as the CEO of RE Cost Seg, a real estate advisory firm, for the past year. His name resonates strongly within the financial industry, particularly as the former CEO and co-founder of the now-bankrupt crypto lender BlockFi, a role that has provided him with unique insights into the complexities of the digital asset sector.
This latest addition to Galaxy’s leadership team aligns with previous appointments, including the hiring of former Point72 chief financial officer Anthony Paquette, who took on the CFO role at Galaxy Digital in December 2023. These strategic hires highlight Galaxy’s proactive approach to navigating the evolving financial landscape through enhanced expertise and leadership.
As the cryptocurrency market continues to face fluctuations and regulatory challenges, the insights that Prince brings could play a significant role in guiding Galaxy Digital through these transformative times.
For further updates on Galaxy Digital’s initiatives and key appointments, keep an eye on emerging news in the cryptocurrency sphere.
