Galaxy Digital Inc. (NASDAQ: GLXY) (TSE: GLXY) has joined with digital asset payment and storage platform, Fireblocks, to widen institutional access to Galaxy’s staking services.
Announced on Wednesday, the deal connects to Fireblocks’ network of institutions for wider distribution.
With this integration, more than 2,000 of the world’s largest financial institutions can now directly access Galaxy’s staking services through Fireblocks. Clients stake digital assets from their Fireblocks vaults without moving them off-platform, leveraging Galaxy’s high-performance, globally distributed validator infrastructure.
Additionally, the collaboration enables secure and scalable staking. Institutions benefit from Galaxy’s integrated trading and lending tools to enhance returns.
Further, the partnership transforms passive staking into a capital efficient, reward generating strategy that aligns with institutional needs.
This marks Galaxy’s third custodial integration in 2025, following earlier partnerships with Zodia Custody and BitGo. Additionally, as Galaxy expands its global staking platform, the Blockchain Infrastructure team continues to prioritize the evolving needs of institutions and protocols.
The team delivers reliable infrastructure to support large-scale on-chain participation and rewards generation. Further, with approximately $3.15 billion in assets currently staked and a growing list of custodial partners, Galaxy is helping shape the next generation of blockchain-native financial services.
“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.
“As crypto infrastructure continues to mature, Galaxy is proud to provide foundational services that meet the highest standards for performance, reliability, and scale.”
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The integration opens direct access to 2,000 institutional clients
Integrating Galaxy’s institutional-grade staking directly into the Fireblocks Network strengthens Fireblocks’ secure and seamless staking solution, said Adam Levine, SVP of Corporate Development & Partnerships. Galaxy brings proven infrastructure and deep expertise. Additionally, Fireblocks now offers greater value and more choice to its clients.
Integrating Galaxy’s staking services into Fireblocks opens direct access to over 2,000 institutional clients. Further, it offers a secure, efficient way to stake digital assets without moving them off-platform.
This significantly expands Galaxy’s reach and positions the company as a key player in institutional staking. The company also already has USD$3.15 billion presently staked. This confers the ability to scale operations and generate recurring revenue through staking fees.
Galaxy stands to benefit from increased adoption and deeper integration with major custodians as institutional interest in staking grows. This move supports Galaxy’s long-term growth strategy and also strengthens its revenue base.
Furthermore, analysts remain bullish on Galaxy Digital, pointing to its growing role in institutional digital asset infrastructure.
Canaccord Genuity’s Joseph Vafi maintains a Strong Buy rating with a $33 price target, citing the Fireblocks integration and data center expansion as key catalysts. Additionally, Rosenblatt’s Chris Brendler initiated coverage with a $25 target.
For investors, the mix of institutional reach, capital-efficient staking, and infrastructure growth supports a compelling long-term thesis with upside potential.
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joseph@mugglehead.com
