{"id":51361,"date":"2025-10-06T18:16:44","date_gmt":"2025-10-06T18:16:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=51361"},"modified":"2025-10-06T18:16:44","modified_gmt":"2025-10-06T18:16:44","slug":"ex-blockfi-ceo-zac-prince-returns-to-crypto-spotlight-to-lead-galaxy-digitals-new-banking-platform","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=51361","title":{"rendered":"Ex-BlockFi CEO Zac Prince Returns to Crypto Spotlight to Lead Galaxy Digital\u2019s New Banking Platform"},"content":{"rendered":"
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Zac Prince, the former chief executive and co-founder of collapsed crypto lender BlockFi Inc., is back in the digital asset industry as the head of Galaxy Digital\u2019s new banking platform, Galaxy One. The move marks Prince\u2019s return to a leadership role less than three years after BlockFi\u2019s bankruptcy, which followed the implosion of crypto exchange FTX.<\/p>\n<\/p>\n

Galaxy hired Prince earlier this year<\/a> to oversee Galaxy One, which launched today<\/a> and allows users to earn yield on cash deposits and trade both cryptocurrencies and traditional equities. The appointment places Prince at the center of another effort to merge crypto services with mainstream finance but this time, under markedly different conditions.<\/p>\n<\/p>\n

In an interview<\/a> with Bloomberg, Prince said his personal risk appetite is \u201cmore conservative\u201d after what he experienced with BlockFi. He described Galaxy as \u201cnight and day in terms of the differences in the setup and the risk appetite and the regulatory structures of the businesses.\u201d<\/p>\n<\/p>\n

BlockFi became a symbol of crypto\u2019s lending boom and bust. The company drew users by offering interest accounts with returns as high as 9.5%, before collapsing when FTX\u2019s failure left it short of liquidity. In its early days, the company raised funding from the top investment firms, including Peter Thiel\u2019s Valar Ventures as well as Galaxy Digital, which led a hefty $52.5 million<\/a> round in July 2018.<\/p>\n<\/p>\n

In 2022, after the collapse of FTX, the U.S. Securities and Exchange Commission charged BlockFi with failing to register its lending product and misleading clients about risks. The firm later settled the case, paying $100 million in penalties.<\/p>\n

<\/p>\n<\/p>\n

For Galaxy, led by investor Mike Novogratz, Galaxy One represents an expansion into consumer-focused financial products. The platform\u2019s mix of traditional and digital asset services aims to meet a market that has grown more cautious and more regulated since the excesses of the last crypto cycle.<\/p>\n

<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Zac Prince, the former chief executive and co-founder of collapsed crypto lender BlockFi Inc., is back in the digital asset industry as the head of Galaxy Digital\u2019s new banking platform, Galaxy One. The move marks Prince\u2019s return to a leadership role less than three years after BlockFi\u2019s bankruptcy, which followed the implosion of crypto exchange […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-51361","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/51361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51361"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/51361\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}