Galaxy Digital, a crypto funding agency based by former Fortress Funding Group president Michael Novogratz, is launching the GalaxyOne platform, providing publicity to each crypto and conventional finance (TradFi) markets.
Galaxy Digital has launched GalaxyOne, a platform combining publicity to yields on fiat money with buying and selling cryptocurrencies and equities, the corporate introduced on Monday.
Focusing on particular person buyers in the USA, GalaxyOne affords a 4% annual share yield (APY) on money deposits, along with an 8% APY by means of Galaxy Premium Yield, which is obtainable solely to accredited buyers.
“We’ve spent years constructing institutional-quality infrastructure to serve the world’s most subtle buyers. Now, we’re extending that edge to people,” Novogratz mentioned.
“Full spectrum monetary companies supplier”
Initially developed below the identify Fierce — which Galaxy acquired in 2024 — GalaxyOne is designed for particular person buyers looking for publicity to each TradFi and digital markets.
Based on Novogratz, GalaxyOne advances Galaxy’s mission of turning into a “full spectrum monetary companies supplier” that builds regulated and accessible merchandise for all market segments.
The brand new GalaxyOne app is now accessible on iOS and Android, that includes 4 core merchandise, together with Galaxy Premium Yield, GalaxyOne Money, GalaxyOne Crypto and GalaxyOne Brokerage.
Amongst notable options, the app affords the flexibility to reinvest the earned curiosity on money into Bitcoin (BTC) and different supported crypto property, together with Ether (ETH) and Solana (SOL).
Race for yields
The launch of GalaxyOne comes amid rising demand for yields, or revenue on an funding over a particular interval, significantly within the cryptocurrency trade.
Based on Stripe CEO Patrick Collison, the rise of yield-bearing stablecoins will ultimately force banks to offer customers yields on deposits to stay aggressive.
“As know-how reshapes how folks make investments, expectations are clear: extra yield, simpler entry from a single platform, and alternatives that reach past conventional boundaries,” GalaxyOne director and Galaxy managing director Zac Prince mentioned, including:
“GalaxyOne delivers precisely that: a unified alternative to earn yield on money, commerce crypto, and entry US equities, all supported by Galaxy’s monetary self-discipline, institutional oversight, {and professional} crew trusted by a few of the world’s most subtle establishments.”
GalaxyOne doesn’t assist yields on stablecoins at launch, because the US GENIUS Act explicitly banned issuers from offering yield-bearing stablecoins.
Associated: Coinbase taps DeFi to offer up to 10.8% yield on USDC holdings
Nevertheless, analysts like Nic Carter, companion at Fort Island Ventures, count on the trend for stablecoin yields to continue growing regardless of industry pushback.
“Now we have an thrilling roadmap forward and are excited to ship a differentiated monetary expertise to our shoppers. That is just the start,” Prince mentioned.
Cointelegraph contacted Galaxy for remark concerning a possible yield providing on stablecoins however had not acquired a response by publication.
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