Galaxy appoints Matt Friedrich as chief legal officer

NEW YORK - Galaxy Digital Inc. (NASDAQ:GLXY) (TSX:GLXY), a digital asset firm with a market capitalization of $4.7 billion and showing remarkable growth with a 181% return over the past year, announced Monday that Matt Friedrich will join the company as Chief Legal Officer, effective September 8, 2025.

Friedrich will oversee the digital asset firm’s global legal and compliance matters, including regulatory engagement, corporate governance, litigation, and public policy. He will report directly to CEO and Founder Mike Novogratz and serve as a member of Galaxy’s senior leadership team. According to InvestingPro analysis, Galaxy Digital has demonstrated strong momentum, with the stock trading near its 52-week high of $32.80.

Friedrich brings extensive legal experience from both public and private sectors. He previously served as Executive Vice President and General Counsel at Cognizant Technology Solutions and as Chief Corporate Counsel at Chevron. His background also includes partnership roles at law firms Freshfields Bruckhaus Deringer and Boies, Schiller & Flexner, where he represented multinational companies in cross-border legal matters.

Earlier in his career, Friedrich spent 13 years at the U.S. Department of Justice, concluding his public service as Acting Assistant Attorney General of the Criminal Division.

Friedrich succeeds Andrew Siegel, who has served as Galaxy’s General Counsel since 2017. During Siegel’s tenure, he built the company’s legal team and helped navigate Galaxy through its Nasdaq listing earlier this year.

Galaxy Digital describes itself as a global leader in digital assets and data center infrastructure, offering institutional access to trading, advisory, asset management, and other financial services related to digital assets. The company also invests in data center infrastructure to support AI and high-performance computing.

The announcement was made through a company press release statement.

In other recent news, Galaxy Digital Inc. reported its financial performance for the second quarter of 2025, showing a strong adjusted gross profit of $299 million. Despite the positive earnings, investor sentiment was affected by broader market conditions. Additionally, Rosenblatt has lowered its price target for Galaxy Digital to $35, down from $36, following the company’s weaker-than-expected second-quarter results. However, Rosenblatt maintains a Buy rating, citing "clear progress and encouraging trends" for Galaxy Digital. In a strategic move, Mill City Ventures III has partnered with Galaxy Digital to manage its $450 million SUI treasury. Galaxy Asset Management will oversee this treasury strategy, and Galaxy Digital has also invested in Mill City through a recent private placement. These developments highlight significant financial and strategic activities involving Galaxy Digital and its partners.

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