Grant to Head Europe for Galaxy Digital
Posted by Colin Lambert. Last updated: August 12, 2021
Tim Grant has been named head of Europe for digital assets services provider Galaxy Digital. He joins on 16 August from Six Digital Exchange, where he was CEO for 18 months and will be responsible for expanding Galaxy Digital’s existing presence in Europe across all business lines as well as overseeing operations and key client relationships.
Prior to joining SDX, he held senior positions at several financial services firms, including CEO and founder of DrumG Technologies, CEO of the R3 Lab and Research Centre, and managing director at UBS O’Connor and UBS Investment Bank.
“Welcoming a professional of Tim’s calibre to Galaxy Digital’s leadership team marks an exciting chapter for the firm as crypto and blockchain technology continue to gain traction globally,” says Mike Novogratz, CEO and chairman of Galaxy Digital. “Europe is an important region for Galaxy Digital. Along with Tim, our incoming chairman and senior advisor Michael Daffey is currently based in Europe. Many clients of our trading, asset management and investment banking businesses are based in Europe, as are BitGo custody clients. Tim’s demonstrated leadership, operating expertise and proven track record in both legacy finance and the emergent crypto economy will accelerate our ability to address the global market opportunity that is crypto.”
Grant’s hire is linked by Galaxy Digital to a recent survey by Fidelity Digital Assets that found more than three quarters (77%) of institutional investors in Europe believe digital assets should be part of a portfolio and more than 90% of institutional investors globally, interested in digital assets expect to have an allocation in their institution’s or clients’ portfolios within the next five years. It says Grant’s hire exemplifies the firm’s continued commitment to invest aggressively in expansion to meet the increasingly global demands of the institutional marketplace for digital asset, crypto, and blockchain technology offerings.
Under Grant’s leadership, Galaxy Digital says it intends to further solidify its position as the dominant diversified crypto and digital asset platform for institutional clients across Europe.
“Galaxy Digital has established itself as the pre-eminent crypto and digital asset-centric financial services platform, acting as a gateway for institutional clients and corporations to participate in the rapidly evolving future of financial services,” says Grant. “I am delighted to join Mike Novogratz and the deep bench of talented professionals at Galaxy who are acting as trusted partners to clients, while working to make crypto and digital assets ubiquitous, and I look forward to bringing my experience in both the traditional and crypto markets in Europe to bear as we make digital asset widespread accessibility and acceptance an institutional reality.”