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Updated Jul 9, 2025, 11:04 a.m. Published Jul 9, 2025, 10:00 a.m.
- Galaxy said it currently holds around $3.15 billion of crypto assets that are being staked.
- The Fireblocks collaboration is Galaxy’s third custodial integration this year, following tie-ups with Zodia Custody and BitGo.
Cryptocurrency trading firm Galaxy Digital (GLXY) is expanding its blockchain staking platform for large institutional customers with help from crypto custody specialists Fireblocks, the companies said Wednesday.
With the integration, Galaxy’s staking services are now natively accessible to the more than 2,000 of the world’s largest financial institutions that use Fireblocks to stake digital assets directly from their Fireblocks custody vaults, the statement said.
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Staking crypto assets on blockchains, a way of on a decentralized network in , is growing among institutional investors, particularly under a crypto-friendly administration in the U.S.
Galaxy said it currently holds around $3.15 billion of crypto assets under stake, and the Fireblocks deal is its third custodial integration this year, following tie-ups with Zodia Custody and BitGo.
“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,” said Zane Glauber, head of blockchain infrastructure at Galaxy.
UPDATE (July. 9, 11:X05 UTC): Adds Galaxy’s assets under stake is $3.15 billion
Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.
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