Mike Novogratz (aka Novo), former macro hedge fund manager at Fortress Investment Group, has joined the AirSwap advisory board.

Mike Novogratz with AirSwap Co-Founder Michael Oved (left) and AirSwap Strategist, Sam Tabar (right)

Novo is launching Galaxy Digital Assets Fund, the largest cryptocurrency fund of its kind. The fund will focus on market-making, arbitrage, stakes in token launches and venture capital-style investments in digital-asset development.

Novo has extensive experience on Wall Street and helped take Fortress public in 2007, where the company sold an 8% share to the public for $600 million. Prior to joining Fortress, he was a partner at Goldman Sachs where he spent much of his time working abroad including leadership roles in Asia and Latin America.

We are very pleased to have Novo join our Board of Advisors. We greatly value his experience in building and leading Fortress Investment Group. He and our other deeply experienced advisors will be working with us towards institutionalizing ourselves as our talented technologists build out the AirSwap platform.

Photo Credit: Rick Wilkins | Reuters

Novo is a member of the Federal Reserve Bank of New York’s Investment Advisory Committee on Financial Markets and is a graduate of Princeton University. Novo will help AirSwap bring institutional players into the platform, and continue to develop the future of globally available and secure token platforms.

This announcement comes following the AirSwap Token launch on October 10 where we distributed 150M AST for 119,511.44 ETH. For a full report on the token sale, visit here, and to view our full list of advisor and team bios, here.

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