Galaxy Digital, a cryptocurrency investment firm led by former Fortress Investment Group president Michael Novogratz, is unveiling its new platform GalaxyOne. This service promises a mix of traditional finance and cryptocurrency investment opportunities.

The GalaxyOne platform aims to meet the needs of individual investors in the United States by providing a 4% annual percentage yield (APY) on cash deposits, along with an exclusive 8% APY through Galaxy Premium Yield for accredited investors.

Quote from Michael Novogratz:
‘We’ve spent years building institutional-quality infrastructure to serve the world’s most sophisticated investors. Now, we’re extending that edge to individuals.’

Initially conceived under the title Fierce, which Galaxy acquired in 2024, GalaxyOne is tailored for individual investors seeking options in both traditional and digital markets.

As Novogratz explained, GalaxyOne furthers Galaxy Digital’s mission of evolving into a ‘full spectrum financial services provider’ that creates regulated and accessible products for various market segments.

The app is currently available on iOS and Android and features four key products: Galaxy Premium Yield, GalaxyOne Cash, GalaxyOne Crypto, and GalaxyOne Brokerage.

GalaxyOne Application

Among its distinguishing features, the app enables users to reinvest interest earnings from cash into Bitcoin (BTC) and other supported cryptocurrencies like Ether (ETH) and Solana (SOL).

Race for Yields

The launch of GalaxyOne coincides with a heightened interest in yield on investments, particularly within the cryptocurrency sector. According to Stripe CEO Patrick Collison, the rise of yield-bearing stablecoins will soon compel banks to provide competitive yields on customer deposits.

Quote from Zac Prince:
‘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.’

Currently, GalaxyOne does not provide yield for stablecoins, as the US GENIUS Act prohibits issuers from offering yield-bearing stablecoin options.

Despite regulatory challenges, analysts like Nic Carter, partner at Castle Island Ventures, predict that the trend for stablecoin yields will persist.

Quote from Nic Carter:
‘We have an exciting roadmap ahead and are excited to deliver a differentiated financial experience to our clients. This is just the beginning.’

Cointelegraph reached out to Galaxy for additional information regarding potential yield offerings on stablecoins but had not received a response by publication.