Galactic Holdings receives R$30.5 million investment, led by Galaxy Interactive and DragonFly

Galactic Holdings, the parent company of TruBit Exchange, has raised 30.5 million Brazilian reals in Series A funding. This round of funding was led by Galaxy Interactive and DragonFly, with participation from SHK Group. The funds will be used to expand its ecosystem focused on cryptocurrency in Latin America and strengthen its presence in Brazil, Argentina, Mexico, and Colombia. TruBit CEO and co-founder Maggie Wu said, "We are very grateful for the unwavering support of our investors and are committed to further expanding our business in more Latin American countries, with the goal of making cryptocurrency services available to everyone in the simplest and most convenient way possible to meet their daily needs."