Galaxy Digital, a crypto investment company founded by former Fortress investment group Michael Novogratz, launches the Galaxyone platform, which offers exposure to both the Crypto and Traditional Finance (Tradfi) market.
Galaxy Digital launched Galaxyone, a platform that combines exposure to Fiat Cash produce with trade with cryptocurrencies and equities, the company announced Monday.
Tarning individual investors in the United States, the Galaxyone offers a 4% annual percentage (APY) to cash deposits, in addition to an 8% APY by the Galaxy Premium Ani, which is offered exclusively to accredited investors.
“We spent many years building institutional quality infrastructure to deliver the most sophisticated investors in the world. Today, we are expanding that edge to individuals,” Novogratz said.
“Full Provider in the financial spectrum”
Originally developed under the name Fierce – that Galaxy obtained In 2024 – Galaxyone was designed for individual investors looking for exposure to both the tradfi and digital market.
According to Novogratz, Galaxyone promoted Galaxy’s mission to become a “full service provider in the financial spectrum” that builds regulated and accessible products for all segments of the market.
The new Galaxyone app is now available on iOS and Android, featuring four major products, including the Galaxy Premium Yield, Galaxyone Cash, Galaxyone Crypto and Galaxyone Brokerage.
Among the well -known features, the app offers the ability to reinvest the acquired cash interest in Bitcoin (Btc) and other supported crypto possessions, including ether (Eth) and Solana (Sol).
Racial
The launch of the Galaxyone comes amid growing demand for yields, or income in an investment at a certain time, especially in the cryptocurrency industry.
According to Stripe CEO Patrick Collison, the rise of Ani-bearing stablecoins will eventually Force banks to offer customers to yield to deposits to remain competitive.
“As technology reshapes how people invested, the expectations are clear: more yields, easier accessing from a single platform, and opportunities to expand beyond traditional boundaries,” said galaxy director and galaxy management Zac Prince, which increases:
“The Galaxyone delivers exactly that: a chance to earn cash, trade crypto, and access to equality -Equality of us, all are supported by Galaxy’s financial discipline, institutional administration, and professional team trusted by some of the most popular institutions in the world.”
Galaxyone does not support produce in Stablecoins in launch, as the US Genius Act is clear Prohibited those who gave from offering stablechoins with yield.
Related: Coinbase Taps Defi to offer up to 10.8% yield to USDC holders
However, analysts like Nic Carter, Castle Island Ventures partner, expect the Trend for stablecoin yields to continue growing Notwithstanding Pushback of the industry.
“We have a Kapana -excited roadmap ahead and excited to deliver a diverse financial experience to our clients. It’s just the beginning,” Prince said.
Cointelegraph contacted Galaxy for a comment on a potential yield offer to Stablecoins but did not receive a response by publishing.
