Key Takeaways
- • Galaxy Digital appoints Tony Paquette as Chief Financial Officer, effective January 2025, bringing 25+ years of financial services and fintech experience from senior roles at Point72, SoFi, JPMorgan Chase, and Bank of America.
- • Paquette spent over four years as CFO at Point72, Steve Cohen's $30+ billion AUM hedge fund, where he oversaw global finance, treasury, broker relations, real estate, and facilities operations.
- • Galaxy Digital CEO Mike Novogratz cited Paquette's operational track record at top-tier financial institutions as critical to enhancing the firm's infrastructure and scaling globally during a period of significant growth.
- • The appointment reflects Galaxy Digital's maturation as a crypto financial services platform, particularly following the firm's partnership with Invesco on a spot Bitcoin ETF launched in 2024.
Summary
Galaxy Digital, the cryptocurrency-focused financial services and investment management firm founded by Mike Novogratz in 2018, announced the appointment of Tony Paquette as Chief Financial Officer, with the appointment effective January 2025. Paquette transitions from Point72, the $30+ billion asset under management hedge fund founded by Steve Cohen, where he served as CFO for more than four years.
Paquette brings substantial institutional finance credentials spanning over 25 years. Prior to Point72, he held the position of business unit leader at SoFi and served as managing director at both JPMorgan Chase and Bank of America. At Point72, Paquette led the firm's global finance, treasury, broker relations, real estate, and facilities organizations, demonstrating expertise in operational infrastructure and financial management at scale.
In a statement, Novogratz emphasized the strategic timing of the hire: "We are pleased to welcome an executive of Tony's caliber to Galaxy during a period of significant growth for our firm. Tony's substantial track record of overseeing finance operations at some of the top firms in finance will enable us to further enhance our operational infrastructure and aggressively scale our business globally." Paquette reciprocated enthusiasm for the role, stating he looks forward to expanding Galaxy's finance team and helping cement the firm as a preeminent industry leader in digital assets and emerging technologies.
Beyond his executive roles, Paquette maintains board memberships at Scholars of Finance, Junior Achievement of New York, and the Concussion Legacy Foundation, and actively advises fintech startups. His appointment signals Galaxy Digital's continued institutional maturation, particularly as the firm expands its product offerings—including the spot Bitcoin ETF co-launched with Invesco in 2024—and strengthens its operational infrastructure to support growth in the digital asset sector.
Paquette brings substantial institutional finance credentials spanning over 25 years. Prior to Point72, he held the position of business unit leader at SoFi and served as managing director at both JPMorgan Chase and Bank of America. At Point72, Paquette led the firm's global finance, treasury, broker relations, real estate, and facilities organizations, demonstrating expertise in operational infrastructure and financial management at scale.
In a statement, Novogratz emphasized the strategic timing of the hire: "We are pleased to welcome an executive of Tony's caliber to Galaxy during a period of significant growth for our firm. Tony's substantial track record of overseeing finance operations at some of the top firms in finance will enable us to further enhance our operational infrastructure and aggressively scale our business globally." Paquette reciprocated enthusiasm for the role, stating he looks forward to expanding Galaxy's finance team and helping cement the firm as a preeminent industry leader in digital assets and emerging technologies.
Beyond his executive roles, Paquette maintains board memberships at Scholars of Finance, Junior Achievement of New York, and the Concussion Legacy Foundation, and actively advises fintech startups. His appointment signals Galaxy Digital's continued institutional maturation, particularly as the firm expands its product offerings—including the spot Bitcoin ETF co-launched with Invesco in 2024—and strengthens its operational infrastructure to support growth in the digital asset sector.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.