Cryptocurrency investment firm Galaxy Digital, founded by former Fortress Investment Group president Michael Novogratz, is launching the GalaxyOne platform, providing exposure to both cryptocurrency and traditional finance (TradFi) markets.
Galaxy Digital has launched the GalaxyOne platform, which combines cash yield exposure from fiat currency with cryptocurrency and stock trading, the company announced on Monday.
GalaxyOne is aimed at U.S. individual investors, offering a 4% annual percentage yield (APY) on cash deposits, in addition to an 8% APY through Galaxy Premium Yield, a product specifically for accredited investors.
"We have spent years building institutional-grade infrastructure to serve the world's most sophisticated investors. Now, we are extending that advantage to individual investors," Novogratz stated.
GalaxyOne was initially developed under the name Fierce—Galaxy acquired the company in 2024—designed for individual investors seeking exposure to both traditional finance and digital markets.
According to Novogratz, GalaxyOne advances Galaxy's mission to become a "full-service financial provider," building regulated and accessible products for all market segments.
The new GalaxyOne app is now available on iOS and Android, featuring four core products: Galaxy Premium Yield, GalaxyOne Cash, GalaxyOne Crypto, and GalaxyOne Brokerage.
Among its notable features, the app offers the ability to reinvest interest earned on cash into Bitcoin (BTC) and other supported crypto assets, including Ethereum (ETH) and Solana (SOL).
The launch of GalaxyOne comes amid a growing demand for yield, particularly in the cryptocurrency sector, where investors seek income over specific periods.
According to Stripe CEO Patrick Collison, the rise of yield-bearing stablecoins will ultimately force banks to offer deposit yields to remain competitive.
"As technology reshapes how people invest, the expectations are clear: more yield, easier access from a single platform, and opportunities that transcend traditional boundaries," said Zac Prince, director of Galaxy and managing director of GalaxyOne, adding:
GalaxyOne does not support yield on stablecoins at launch, as the U.S. GENIUS Act explicitly prohibits issuers from offering yield-bearing stablecoins.
However, analysts like Nic Carter, partner at Castle Island Ventures, expect that despite industry headwinds, the trend of yield-bearing stablecoins will continue to grow.
"We have an exciting roadmap and are thrilled to offer our clients a differentiated financial experience. This is just the beginning," Prince said.
Cointelegraph reached out to Galaxy for comments on potential yield products for stablecoins but had not received a response by the time of publication.
Related: Ethereum Foundation exchanges 1,000 ETH for stablecoins for R&D and funding
Original article: “Mike Novogratz's Galaxy Launches GalaxyOne, Offering 4% Cash Yield”
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