- Galaxy Digital launched the GalaxyOne platform for individual U.S. investors, blending cryptocurrency and traditional finance offerings.
- The app offers up to 4% annual yield on cash deposits and 8% premium yield for accredited investors.
- Investors can trade cryptocurrencies, equities, and earn interest, with the option to reinvest earnings into Bitcoin, Ether, and Solana.
- The platform originated from the acquisition of Fierce Technology in 2024 for about $12.5 million.
- GalaxyOne does not currently offer yields on stablecoins due to regulatory restrictions.
Galaxy Digital, led by Michael Novogratz, has launched its new GalaxyOne platform in the United States.
The app gives individual investors access to both cryptocurrency and traditional finance, like stocks and cash management products.
The new platform, available on iOS and Android, offers a 4% annual percentage yield (APY) on cash deposits. Accredited investors can receive an 8% APY through the Galaxy Premium Yield program.
According to the company, users can also trade cryptocurrencies and equities, and use four main products: Galaxy Premium Yield, GalaxyOne Cash, GalaxyOne Crypto, and GalaxyOne Brokerage.
“We’ve spent years building institutional-quality infrastructure to serve the world’s most sophisticated investors. Now, we’re extending that edge to individuals,” Novogratz said in a statement. Managing director Zac Prince stated, “GalaxyOne delivers exactly that: a unified opportunity to earn yield on cash, trade crypto, and access US equities, all supported by Galaxy’s financial discipline, institutional oversight, and professional team trusted by some of the world’s most sophisticated institutions.”
Galaxy Digital developed GalaxyOne after acquiring all shares of Fierce Technology for about $12.5 million in 2024.
The present app includes a feature that lets users reinvest earned interest from cash holdings directly into supported crypto assets such as Bitcoin (BTC), Ether (ETH), and Solana (SOL).
The company stated that GalaxyOne does not support yield offerings on stablecoins at launch. This is because the U.S. GENIUS Act—recent legislation—prohibits yield-bearing stablecoin products.
Analyst Nic Carter from Castle Island Ventures expects the trend for stablecoin yields to continue even with regulatory obstacles. As market demand for yield products grows, some in the industry predict banks may need to adjust their deposit services to stay competitive.
To find more details about the original acquisition, see the financial statements published by Galaxy Digital.
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