2 years ago
Goldman Sachs is offering funny clients entree to an ether (ETH) money issued by Galaxy Digital, according to regulatory documents filed with the U.S. Securities and Exchange Commission (SEC) connected Tuesday.
A root from the satellite of organization crypto trading confirmed to CoinDesk that Goldman acts arsenic a feeder to the Galaxy fund.
The amended Form D filing states “Goldman Sachs & Co. LLC volition person an instauration fee” for clients it brings to the “Galaxy Institutional Ethereum Fund.” Galaxy issued that money past March.
With a $250,000 minimum investment, the money has sold implicit $50 cardinal to 28 clients, filings show. It’s hard to accidental however much, if any, travel Goldman is liable for arsenic the concern slope was not progressive erstwhile it archetypal launched.
It’s not the archetypal Goldman Sachs tie-up with Galaxy Digital, the crypto concern steadfast helmed by Mike Novogratz. Last June, Galaxy agreed to funnel liquidity to Goldman Sachs’ bitcoin futures offering.
Galaxy offers a bitcoin money to Morgan Stanley clients successful an statement that is akin to this 1 with Goldman, a reappraisal of the filings shows.
CAIS Capital LLC, an alternate investments platform, volition person “placement fees” for referring clients to the organization fund, Tuesday’s SEC filing said. It’s separately progressive successful a antithetic Galaxy-backed Ethereum money whose filing besides deed Tuesday.
A typical for Goldman Sachs had nary contiguous comment. A Galaxy Digital spokesperson declined to comment.
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Danny is CoinDesk's lawman concern editor. He owns BTC, ETH and SOL.
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