tl;dr
Galaxy Digital has expanded access to its institutional staking platform by partnering with crypto custody provider Fireblocks, allowing over 2,000 financial institutions to access Galaxy’s staking services directly from their vaults. Holding $3.15 billion in staked digital assets, Galaxy has formed...
Galaxy Digital has broadened access to its institutional staking platform by integrating with crypto custody provider Fireblocks. This partnership enables over 2,000 financial institutions already using Fireblocks’ secure custody infrastructure to directly access Galaxy’s staking services from their vaults.
Currently holding $3.15 billion in staked digital assets, Galaxy is firmly establishing itself as a key player in the on-chain financial infrastructure space. The Fireblocks integration is the firm’s third custodial partnership this year, following previous agreements with Zodia Custody and BitGo, reflecting Galaxy’s ongoing commitment to expanding its institutional offerings worldwide.
Staking, which involves locking tokens on proof-of-stake blockchains to support network operations in exchange for rewards, has seen a surge in institutional demand. This growth is fueled by clearer regulatory frameworks in major markets and traditional financial institutions increasingly exploring blockchain-based yield opportunities.
Zane Glauber, head of blockchain infrastructure at Galaxy, highlighted the significance of the Fireblocks collaboration, emphasizing the company’s mission to provide secure, capital-efficient staking where institutions custody their digital assets. As crypto infrastructure matures, Galaxy aims to deliver services aligned with the performance and reliability expectations of institutional clients.
Through strategic custodial partnerships and substantial staked assets, Galaxy Digital is solidifying its position as a critical infrastructure provider facilitating the transition of capital markets onto blockchain networks.