Galaxy Digital completed the acquisition of self-hosted platform GK8 with US $44 million

It is reported that Galaxy Digital has completed the acquisition of GK8, the self-managed platform of Celsius, and GK8 solution services will continue to be provided to the market. At the same time, Galaxy will integrate this technology into its upcoming encryption brokerage platform, Galaxy One.

Interpretation of this information:

Galaxy Digital, a leading digital asset management firm founded by billionaire Mike Novogratz, has announced the successful completion of its acquisition of GK8, the self-managed platform of Celsius. This acquisition will enable Galaxy Digital to leverage GK8’s technology and expertise in delivering secure and highly functional digital asset management solutions to its clients.

GK8 was founded in 2018 and has quickly gained a reputation as one of the most innovative and secure digital asset management platforms in the market. The company’s self-managed platform is designed to allow clients to securely manage their digital assets, including cryptocurrencies, without depending on external parties to provide custody or management services. The platform combines advanced security features, including air-gapped cold storage and multi-layer encryption, with a user-friendly interface to provide clients with a highly secure and streamlined digital asset management experience.

Galaxy Digital’s acquisition of GK8 will provide the firm with access to this innovative technology and expertise, which will be integrated into Galaxy One, its upcoming digital asset brokerage platform. The addition of GK8’s self-managed platform will enable Galaxy Digital to offer clients access to highly secure digital asset management solutions that are tailored to their specific needs.

The integration of GK8’s technology into Galaxy One will also enable the firm to expand its service offerings, including the ability to provide clients with secure and reliable cryptocurrency custody services. With GK8’s advanced security features and expertise in digital asset management, Galaxy Digital will be able to offer clients access to highly secure digital asset management solutions, including cold storage and multi-layer encryption.

In conclusion, Galaxy Digital’s acquisition of GK8 is a significant move that highlights the firm’s commitment to offering clients highly secure and innovative digital asset management solutions. By integrating GK8’s technology into its upcoming digital asset brokerage platform, Galaxy One, the firm will be well-positioned to offer clients access to a comprehensive suite of digital asset management services, including secure custody and multi-layer encryption.