Key Takeaways
- • Matthew Friedrich, Chief Legal Officer of Galaxy Digital, executed a stock sale of $134,960, representing a modest insider transaction at the cryptocurrency investment management firm.
- • Friedrich joined Galaxy Digital following the firm's Nasdaq listing, bringing extensive legal and compliance experience from leadership roles at UnitedHealth Group, Cognizant Technologies, and Chevron, as well as 13 years at the U.S. Department of Justice.
- • Friedrich's appointment reflects Galaxy Digital's scaling operations and regulatory infrastructure development as the 7-year-old crypto investment manager expands its institutional investor base and navigates an evolving digital asset regulatory landscape.
- • The insider stock sale occurs within the context of Galaxy Digital's significant business expansion, with the firm reporting $245 million in revenue growth over the two-year period ending December 31, 2025, across trading, investment banking, lending, and asset management divisions.
Summary
Matthew Friedrich, Chief Legal Officer at Galaxy Digital, sold $134,960 in company stock in a routine insider transaction. Friedrich assumed the CLO role at the New York City-based cryptocurrency investment management firm following Galaxy Digital's Nasdaq listing, succeeding Andrew Siegel in the position.
Friedrich brings significant institutional legal and compliance credentials to the role. His professional background includes service as chief legal officer of UnitedHealth Group (January 2021 to March 2021), general counsel at Cognizant Technologies (four years), and chief corporate counsel at Chevron (three years). Prior to his corporate career, Friedrich served 13 years at the U.S. Department of Justice, concluding as acting assistant attorney general for the Criminal Division. He also held partnership positions at elite law firms Freshfields Bruckhaus Deringer and Boies, Schiller & Flexner, where he managed cross-border investigations, litigation, and compliance matters.
In his role at Galaxy Digital, Friedrich oversees the firm's global legal and compliance operations, including regulatory affairs, corporate governance, litigation, and public policy functions. He reports directly to CEO Mike Novogratz. Galaxy Digital, a 7-year-old investment management firm specializing in cryptocurrencies and blockchain technology, primarily serves institutional investors. According to the firm's December 31, 2025 investor filings, Galaxy Digital achieved $245 million in revenue growth over the preceding two years across its trading, investment banking, lending, and asset management divisions.
Novogratz characterized Friedrich's appointment as "a critical addition to Galaxy's leadership team as we scale the business and drive innovation globally." Friedrich emphasized his commitment to leveraging his experience across multinational corporations and stakeholders to support Galaxy Digital's position as a leading investor, adviser, operator, and partner in the digital assets and AI sectors.
Friedrich brings significant institutional legal and compliance credentials to the role. His professional background includes service as chief legal officer of UnitedHealth Group (January 2021 to March 2021), general counsel at Cognizant Technologies (four years), and chief corporate counsel at Chevron (three years). Prior to his corporate career, Friedrich served 13 years at the U.S. Department of Justice, concluding as acting assistant attorney general for the Criminal Division. He also held partnership positions at elite law firms Freshfields Bruckhaus Deringer and Boies, Schiller & Flexner, where he managed cross-border investigations, litigation, and compliance matters.
In his role at Galaxy Digital, Friedrich oversees the firm's global legal and compliance operations, including regulatory affairs, corporate governance, litigation, and public policy functions. He reports directly to CEO Mike Novogratz. Galaxy Digital, a 7-year-old investment management firm specializing in cryptocurrencies and blockchain technology, primarily serves institutional investors. According to the firm's December 31, 2025 investor filings, Galaxy Digital achieved $245 million in revenue growth over the preceding two years across its trading, investment banking, lending, and asset management divisions.
Novogratz characterized Friedrich's appointment as "a critical addition to Galaxy's leadership team as we scale the business and drive innovation globally." Friedrich emphasized his commitment to leveraging his experience across multinational corporations and stakeholders to support Galaxy Digital's position as a leading investor, adviser, operator, and partner in the digital assets and AI sectors.
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