What You Need to Know:
- Galaxy currently manages approximately $3.15 billion in crypto assets under staking.
- The partnership with Fireblocks is Galaxy’s third custodial integration this year, following collaborations with Zodia Custody and BitGo.
Cryptocurrency trading firm Galaxy Digital (GLXY) announced an expansion of its blockchain staking services aimed at large institutional clients, facilitated by a collaboration with crypto custody experts Fireblocks. This collaboration enables Galaxy’s staking solutions to be directly accessible via Fireblocks’ custody vaults for over 2,000 major financial institutions.
“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,” Zane Glauber, head of blockchain infrastructure at Galaxy, stated.
Staking digital assets is increasingly popular among institutional investors, particularly in a favorable regulatory environment in the U.S. Galaxy has stated that it currently holds about $3.15 billion in staked crypto assets.
For more information about this announcement, please refer to the full report on CoinDesk.
