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Summary
Galaxy Digital has hired Leon Marshall as CEO to oversee its operations in Europe. For the foreseeable future, Marshall will lead all international sales for Galaxy Digital.
Introduction
Due to ongoing scrutiny by U.S. authorities and strict regulatory restrictions, investment firm Galaxy Digital is expanding its operations in Europe. Galaxy Digital has hired Leon Marshall, a former executive from crypto broker Genesis, to lead its European operations and pursue development prospects in the area.
Main Points
Galaxy Digital, led by billionaire Mike Novogratz, is setting up an office in Europe and has appointed Leon Marshall as CEO to oversee its operations and connections with important clients in the region. Marshall’s leadership skills and experience in developing digital asset products for European institutional investors will be invaluable as Galaxy Digital aggressively scales its operations in the UK and continental Europe.
Marshall’s appointment as CEO of Europe follows a partnership formed with asset management company DWS, through which they will provide various ETPs in Europe. Additionally, Marshall will lead all international sales for Galaxy Digital for the foreseeable future.
Galaxy Digital and other crypto businesses see expansion into Europe and other crypto-friendly nations as a priority, given regulatory challenges in the US and the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework. Europe is considered a potential market for crypto businesses amid the ongoing crypto movement.
Conclusion
Galaxy Digital has hired Leon Marshall as CEO for its European operations, aiming to expand its presence in Europe and tap into the potential market for cryptocurrency businesses. With Marshall’s expertise in developing digital asset products, Galaxy Digital plans to aggressively scale its operations in the region, while also exploring opportunities in other crypto-friendly nations.
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