Galaxy Digital Appoints Zac Prince As Managing Director

According to CoinDesk, Galaxy Digital has appointed Zac Prince as a managing director, as revealed in an internal memo. Prince will collaborate closely with Galaxy's President, Chris Ferraro, to enhance the company's digital assets offerings. This strategic move aligns with Galaxy's belief that the cryptocurrency sector is on the brink of a significant transformation. The firm aims to leverage Prince's expertise to advance its strategic vision. Prince transitions to Galaxy Digital from RE Cost Seg, a real estate advisory firm, where he served as CEO for the past year. He is a prominent figure in the industry, notably as the former CEO and co-founder of the now-bankrupt crypto lender BlockFi. His extensive experience in the crypto sector is expected to be instrumental in driving Galaxy's growth and innovation in digital assets. In a related development, Galaxy Digital previously announced the hiring of Anthony Paquette, former chief financial officer at Point72, to assume the same role within the crypto financial services firm. This appointment, disclosed in December, underscores Galaxy's commitment to strengthening its leadership team with seasoned professionals from diverse financial backgrounds.