Zac Prince Joins Galaxy Digital: Strategic Expansion in the Institutional Crypto Space

Galaxy Digital has appointed Zac Prince, the prominent entrepreneur and former CEO of BlockFi, as managing director, marking a significant leadership addition to Michael Novogratz’s digital assets platform. The move signals Galaxy’s intensified focus on scaling its crypto offerings as the industry enters what the company describes as a “pivotal era of transformation.”

From BlockFi’s Challenges to Galaxy’s Opportunities

Zac Prince brings considerable experience navigating the cryptocurrency industry’s complexities. His tenure at BlockFi, the crypto lending platform he co-founded, exposed him to both the rapid growth potential and systemic risks of the sector. Though BlockFi ultimately faced bankruptcy, Prince’s journey through that chapter positions him with hard-earned insights into institutional crypto infrastructure—expertise Galaxy is actively seeking. The appointment reflects a broader industry trend where experienced operators are being repositioned into roles at better-capitalized firms.

Zac Prince’s Role in Expanding Galaxy’s Digital Assets Division

Prince will work in close collaboration with Chris Ferraro, Galaxy’s president, to broaden the company’s digital assets offerings. His responsibilities will center on developing institutional-grade products and services that align with Galaxy’s vision of capturing market share in an evolving crypto landscape. This partnership between Prince and Ferraro represents Galaxy’s commitment to combining operational expertise with leadership continuity.

Strengthening Galaxy’s Leadership Infrastructure

The hiring of Zac Prince is part of a broader talent acquisition strategy at Galaxy. Earlier, the company appointed Anthony Paquette, formerly Point72’s chief financial officer, to lead the company’s financial operations. These successive leadership additions underscore Galaxy’s determination to build a world-class management team capable of executing ambitious growth targets in the institutional crypto market. As the sector matures, firms like Galaxy are competing intensely for executive talent with deep industry experience and proven track records.

Galaxy Digital’s strategic positioning reflects confidence that institutional adoption of digital assets will accelerate. By recruiting seasoned operators like Zac Prince, the company is constructing an organizational foundation designed to capture this anticipated wave of growth.