Galaxy Digital backs $50M funding round for crypto staking outfit Figment

Mike Novogratz’s investment management firm Galaxy Digital has reportedly participated in a $50 million funding round for Figment, a crypto staking startup. According to Bloomberg on Monday, Galaxy Digital joined investors like Anchorage and Bonfire Ventures in a Series B funding round led by Senator Investment Group and Liberty City Ventures. The company is now reportedly worth about $500 million following the fresh injection of investment capital.