Galaxy Digital Holdings has appointed Tony Paquette, a former executive at Point72, as its new chief financial officer. Paquette will assume the role on January 1, 2025, succeeding Alex Loffe, who will transition to a senior advisory position.
The leadership change occurred during a challenging financial period for the company and amid a shifting regulatory environment for the crypto industry in the US.
Related: Avalanche Secures $250 Million for Ambitious Layer-1 Upgrade “Avalanche9000”
Paquette expressed his excitement about joining Galaxy and acknowledged Loffe’s contributions to building a “robust finance team” ahead of the firm’s potential US listing:
I am thrilled to join Galaxy, whose reputation as a world-class operator and investor in digital assets, digital infrastructure, and other emerging technologies precedes it (…) I want to express my gratitude to Alex for building a robust finance team that has helped to prepare Galaxy for a potential U.S. listing
Paquette brings extensive experience to the role, including serving as CFO at Point72, leading a business unit at SoFi, and holding leadership positions during his nearly decade-long tenure at JPMorgan Chase. His arrival coincides with Galaxy Digital’s latest earnings report, which revealed a net loss of $54 million—30% higher than the previous quarter—while maintaining $2.1 billion in equity capital as of September 30, 2024.
Related: Chainlink’s LINK Reclaims $29, Whales and Sharks Lead the Surge
Galaxy Digital might continue its upward trajectory despite the recent losses with the incoming Trump administration signaling plans for crypto-friendly regulations in 2025. This could potentially benefit the company’s operations and market outlook.
Dubai, UAE, 8th October 2025, ZEX PR WIRE, By winning the Guinness World Records™ for…
Prague, Czech Republic, October 6, 2025, ZEX PR WIRE— The future of funded crypto trading…
Aster’s native token, ASTER, has ridden a powerful endorsement cycle after Changpeng “CZ” Zhao publicly…
UAE now has a payment partner that unlocks Africa’s growing economic opportunity DUBAI, UAE, 6…
Dubai, UAE, 5th October, 2025, ZEX PR WIRE, Forex Expo Dubai, the Middle East’s largest…
London, England, 5th October 2025, ZEX PR WIRE, In today’s travel landscape, reliability has become…