Galaxy Joins with Fireblocks to Expand Institutional Access to Robust Staking Solutions

Rhea-AI Summary

Galaxy Digital (NASDAQ: GLXY) has announced a strategic integration with Fireblocks, a leading digital asset infrastructure platform. This collaboration enables Fireblocks' network of over 2,000 financial institutions to access Galaxy's institutional staking services directly from their Fireblocks vaults.

The integration allows institutions to participate in secure, scalable staking while exploring advanced trading and lending strategies. Galaxy currently manages $3.15 billion in assets under stake as of June 30, 2025. This marks Galaxy's third custodial integration in 2025, following partnerships with Zodia Custody and BitGo, as part of their mission to expand institutional access to blockchain infrastructure services.

Positive

• Integration with Fireblocks expands access to over 2,000 financial institutions
• Significant assets under stake of $3.15 billion as of June 2025
• Third major custodial integration in 2025, showing strong partnership growth
• Enhanced capital efficiency through combined staking and trading solutions

Negative

• None.

Insights

Digital Assets Infrastructure Specialist

Galaxy's Fireblocks integration gives 2,000+ institutions access to their staking services, significantly expanding their $3.15B staking business.

Galaxy Digital's new integration with Fireblocks represents a strategic expansion of their institutional staking capabilities. By connecting to Fireblocks' network of over 2,000 financial institutions, Galaxy has dramatically expanded the potential user base for their staking services without requiring clients to move assets between platforms - a critical security and efficiency consideration for institutional players.

The technical implementation allows Fireblocks clients to stake directly from their secure vaults while leveraging Galaxy's validator infrastructure. This creates a frictionless pathway for large institutions to participate in proof-of-stake networks and generate yields while maintaining their existing security frameworks. What makes this particularly valuable is the potential for capital efficiency - clients can access Galaxy's integrated trading and lending solutions alongside staking, transforming what would typically be locked, illiquid staked assets into components of more sophisticated financial strategies.

This represents Galaxy's third major custodial integration of 2025, following partnerships with Zodia Custody and BitGo. This pattern of integration with major custodians reveals Galaxy's clear strategy to become the institutional-grade staking provider of choice across the digital asset custody landscape. With $3.15 billion in assets already under stake as of June 30, 2025, Galaxy is establishing itself as a significant player in the proof-of-stake infrastructure space, particularly for institutional clients requiring enterprise-grade security and performance.

Integration unlocks Galaxy's institutional staking platform for Fireblocks clients, enabling secure,
capital-efficient on-chain participation at scale

NEW YORK, July 9, 2025 /PRNewswire/ - Galaxy Digital Inc. (NASDAQ: GLXY) (TSX: GLXY) announced today that it has integrated with Fireblocks, the leading digital asset and payments infrastructure platform for moving, storing, and issuing digital assets. This collaboration significantly broadens access to Galaxy's staking services by connecting to Fireblocks' global network of institutions that rely on its battle-tested digital asset security platform.

With this integration, Galaxy's staking services are now natively accessible to more than 2,000 of the world's largest financial institutions that use Fireblocks to securely manage digital assets. Clients can stake digital assets directly from their Fireblocks vaults – without moving assets off-platform – while leveraging Galaxy's high-performance, globally-distributed validator infrastructure.

This collaboration allows institutions to participate in secure, scalable staking while exploring advanced strategies that tap into Galaxy's integrated trading and lending solutions, transforming passive staking into a capital-efficient, reward-generating strategy.

"This Fireblocks integration represents a significant step forward in Galaxy's mission to make secure and capital-efficient staking available where institutions custody their digital assets," said Zane Glauber, Head of Blockchain Infrastructure at Galaxy. "As crypto infrastructure continues to mature, Galaxy is proud to provide foundational services that meet the highest standards for performance, reliability, and scale."

This marks the third custodial integration Galaxy's Blockchain Infrastructure team has announced in 2025, following its collaborations with Zodia Custody and BitGo earlier this year. As Galaxy continues to grow its staking platform globally, the team remains focused on serving the evolving needs of institutions and protocols alike – delivering robust infrastructure for on-chain participation and rewards generation at scale. With approximately $3.15 billion in assets under stake¹ and an expanding network of custodial partners, Galaxy is helping to build the next generation of blockchain-native financial services.

"Integrating Galaxy's institutional-grade staking offering into the Fireblocks Network meaningfully enhances our secure and seamless staking solution," said Adam Levine, SVP of Corporate Development & Partnerships at Fireblocks. "With Galaxy's proven infrastructure and deep expertise, we're bringing even greater value and choice to our clients."

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1 Assets under stake as of June 30, 2025.

About Galaxy

Galaxy Digital Inc. (NASDAQ/TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East and Asia.

About Fireblocks

Fireblocks is the world's most trusted and proven digital asset infrastructure company, empowering organizations of all sizes to build, run and grow their business on the blockchain. With the industry's most secure, scalable and comprehensive platform, we streamline custody, tokenization, payment, settlement, and trading operations across the largest ecosystem of exchanges, custodians, banks, payment providers and stablecoin issuers in the world. Over 2,000 organizations - including BNY, Galaxy, and Revolut - trust Fireblocks to secure more than $10 trillion in digital asset transactions across 100 blockchains and 300+ million wallets. Learn more at fireblocks.com.

NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and "forward-looking information" under Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements are statements other than historical facts and may include statements that address future operating, financial or business performance or Galaxy's strategies or expectations, including those about the offering and the timing of its closing. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this document are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks include, but are not limited to the risks contained in filings we make with the Securities and Exchange Commission (the "SEC") from time to time, including in the prospectus for the offering and in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed with the SEC on May 13, 2025. Forward-looking statements speak only as of the date they are made. Except as required by law, we assume no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements.

©Copyright Galaxy Digital 2025. All rights reserved.

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SOURCE Galaxy Digital Inc.

FAQ

What is the significance of Galaxy Digital's integration with Fireblocks?

The integration allows over 2,000 financial institutions using Fireblocks to directly access Galaxy's staking services from their vaults, enabling secure and capital-efficient on-chain participation at scale.

How much does Galaxy Digital (GLXY) have in assets under stake?

Galaxy Digital manages $3.15 billion in assets under stake as of June 30, 2025.

What other custodial integrations has Galaxy Digital completed in 2025?

Galaxy Digital has completed integrations with Zodia Custody and BitGo earlier in 2025, with Fireblocks being their third major custodial integration of the year.

How does the Fireblocks integration benefit institutional investors?

The integration enables institutions to participate in secure, scalable staking while exploring advanced strategies that combine Galaxy's trading and lending solutions, transforming passive staking into a capital-efficient, reward-generating strategy.

Where is Galaxy Digital (GLXY) stock listed?

Galaxy Digital stock is dual-listed on the NASDAQ and Toronto Stock Exchange (TSX) under the symbol GLXY.