Galaxy Digital, a crypto investment company founded by former Fortress Investment Group president Michael Novogratz, has launched the Galaxyone platform and is exposed to both crypto and traditional financial (Tradfi) markets.
Galaxy Digital has released the Galaxyone. Galaxyone announced on Monday that it is a platform that combines Cryptocurrencies and Equities trading with exposure to stock yields.
Targeting individual US investors, Galaxyone offers a 4% annual rate (APY) in cash deposits, in addition to the 8% APY of Galaxy Premium, which is only available to accredited investors.
“We have spent years building institutional quality infrastructures to serve the world’s most sophisticated investors, and now we are expanding that edge to individuals,” Novograts said.
“Full-spectrum financial services provider”
Originally developed under the name Fierce, which Galaxy acquired in 2024, Galaxyone is designed for individual investors looking for exposure to both the Tradfi and digital markets.
According to Novogratz, Galaxyone is on Galaxy’s mission to become a “full-spectral financial services provider” that builds regulated, accessible products for all market segments.
The new Galaxyone app is now available on iOS and Android. It features four core products, including Galaxy Premium Aldue, Galaxyone Cash, Galaxyone Crypto, and Galaxyone Brokerage.
Among the notable features, the app offers the ability to reinvest the interest you earned in Bitcoin (BTC) and other supported crypto assets such as Ether (ETH) and Solana (SOL).
Competition for yield
The launch of Galaxyone comes amid an increase in revenue demand for yield or investments over a certain period, particularly in the cryptocurrency industry.
According to Stripe CEO Patrick Collison, the rise of Stablecoins, which underpins yields, will ultimately force banks to stay competitive with customer yields on deposits.
“As technology shapes how people invest, expectations are clear: more yields, access from a single platform, opportunities to expand beyond traditional boundaries,” added Zac Prince, director and managing director of Galaxy at Galaxy.
“Galaxyone does just that. All the unified opportunities to gain yields in cash, trade in crypto and access US stocks are supported by Galaxy’s financial discipline, institutional surveillance and a specialized team trusted by some of the world’s most sophisticated institutions.”
Galaxyone does not support Stablecoins yields at launch, as the US genius law explicitly bans the publisher from providing yield stability.
Related: Coinbase Taps Defi offers a return of up to 10.8% on USDC holdings
However, analysts like Nic Carter, a partner at Castle Island Ventures, are hoping that despite industry pushbacks, Stablecoin yield trends will continue to grow.
“We have an exciting roadmap ahead of time and are excited to provide our clients with a differentiated financial experience, which is just the beginning,” Prince said.
Cointelegraph contacted Galaxy about comments on the provision of potential yields in Stablecoins, but was not responded by the publication.
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