Galaxy Digital, the investment firm founded by Michael Novogratz, has officially launched its new platform, GalaxyOne, aimed at bridging the gap between traditional finance (TradFi) and cryptocurrency markets.
The company confirmed on Monday that GalaxyOne offers yields on fiat cash deposits as well as trading opportunities in cryptocurrencies and equities, targeting individual investors across the United States.
Yields on Cash and Premium Opportunities
GalaxyOne’s core appeal lies in its ability to offer a 4% annual percentage yield (APY) on cash deposits.
Accredited investors will also gain access to Galaxy Premium Yield, which offers an 8% APY, expanding the investment options for those who meet the regulatory threshold.
“We’ve spent years building institutional-quality infrastructure to serve the world’s most sophisticated investors.
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Now, we’re extending that edge to individuals,” Novogratz said.
The app provides investors the chance to reinvest earned interest into cryptocurrencies such as Bitcoin, Ether, and Solana.
This move signals Galaxy’s focus on creating a single hub for various financial activities while accommodating investors’ growing interest in yield opportunities.
“Full Spectrum Financial Services Provider”
GalaxyOne originated under the name Fierce, which Galaxy acquired in 2024 for about $12.5 million.
According to Novogratz, the platform is another step toward Galaxy’s ambition of becoming a “full spectrum financial services provider,” building regulated and accessible products for different market segments.
The GalaxyOne app is now available on iOS and Android, featuring four main products: Galaxy Premium Yield, GalaxyOne Cash, GalaxyOne Crypto, and GalaxyOne Brokerage.
These features reflect the firm’s strategy to integrate traditional and digital assets under one umbrella.
Growing Demand for Yield Products
The launch of GalaxyOne comes at a time when demand for yield-generating products in the crypto sector is increasing.
Stripe CEO Patrick Collison has predicted that the rise of yield-bearing stablecoins will push banks to start offering deposit yields to remain competitive.
Zac Prince, GalaxyOne’s director and Galaxy managing director, emphasized this market shift.
“As technology reshapes how people invest, expectations are clear: more yield, easier access from a single platform, and opportunities that extend beyond traditional boundaries,” he said.
“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.”
At launch, GalaxyOne does not support yields on stablecoins due to the US GENIUS Act, which explicitly bans issuers from offering yield-bearing stablecoins.
Looking Ahead
Despite the restrictions, analysts such as Nic Carter, partner at Castle Island Ventures, expect the trend for stablecoin yields to continue growing, even amid industry pushback.
Prince expressed optimism about the platform’s roadmap.
“We have an exciting roadmap ahead and are excited to deliver a differentiated financial experience to our clients.
This is just the beginning,” he said.
Galaxy Digital has not yet responded to questions regarding a potential future yield offering on stablecoins.