GalaxyOne Unites Cryptocurrency, Stocks, and Cash Yield Opportunities

Galaxy Digital, a cryptocurrency investment firm established by former Fortress Investment Group president Michael Novogratz, is introducing the GalaxyOne platform, which provides access to both crypto and traditional finance (TradFi) markets.

Galaxy Digital has unveiled GalaxyOne, a platform that integrates yields on fiat cash with cryptocurrency and equity trading, as announced by the company on Monday.

Targeting individual investors in the United States, GalaxyOne features a 4% annual percentage yield (APY) on cash deposits, along with an 8% APY via Galaxy Premium Yield, which is exclusively available to accredited investors.

“We’ve spent years constructing institutional-quality infrastructure for the world’s most sophisticated investors. Now, we’re extending that advantage to individuals,” Novogratz remarked.

“Comprehensive financial services provider”

Initially developed under the name Fierce — which Galaxy acquired in 2024 — GalaxyOne aims to cater to individual investors looking for exposure to both TradFi and digital markets.

As stated by Novogratz, GalaxyOne supports Galaxy’s mission to be a “comprehensive financial services provider” that develops regulated and accessible products for all market segments.

The newly launched GalaxyOne app is now accessible on iOS and Android, showcasing four primary products: Galaxy Premium Yield, GalaxyOne Cash, GalaxyOne Crypto, and GalaxyOne Brokerage.

Among its key features, the app allows users to reinvest earned interest on cash into Bitcoin (BTC) and other supported cryptocurrencies, such as Ether (ETH) and Solana (SOL).

Competition for yields

The launch of GalaxyOne coincides with increasing demand for yields, or income generated from an investment over time, especially within the cryptocurrency sector.

As noted by Stripe CEO Patrick Collison, the emergence of yield-bearing stablecoins will eventually compel banks to offer yields on deposits to stay competitive.

“As technology transforms investment approaches, expectations are clear: higher yields, easier access from a single platform, and opportunities transcending traditional limits,” GalaxyOne director and Galaxy managing director Zac Prince stated, adding:

“GalaxyOne provides precisely that: a consolidated platform to earn yield on cash, trade crypto, and engage with US equities, all underpinned by Galaxy’s financial prudence, institutional oversight, and a professional team trusted by some of the world’s most sophisticated institutions.”

At launch, GalaxyOne does not offer yields on stablecoins due to the US GENIUS Act explicitly banning issuers from providing yield-bearing stablecoins.

Related: Coinbase taps DeFi to offer up to 10.8% yield on USDC holdings

Nonetheless, analysts like Nic Carter, a partner at Castle Island Ventures, anticipate continued growth in the trend for stablecoin yields, despite industry resistance.

“We have an exciting roadmap ahead and look forward to delivering a unique financial experience to our clients. This is just the start,” Prince concluded.

Cointelegraph reached out to Galaxy for comment on a potential yield offering for stablecoins but had not received a response by the time of publication.