GalaxyOne is a multi-asset financial platform developed by Galaxy Digital that integrates cryptocurrency trading, traditional U.S. equities investing, and high-yield cash management services into a single application. The platform is designed for individual investors and aims to provide access to institutional-grade financial products and infrastructure. ^{[7] [8] [9]}

Overview

GalaxyOne represents a strategic expansion by Galaxy Digital, a firm historically focused on institutional clients, into the retail and individual investor market. The platform's core value proposition is the unification of disparate financial services—digital assets, traditional securities, and banking—into a single, cohesive user experience. ^[7] It allows users to manage their cash, crypto holdings, and stock and ETF portfolios from one interface, available on mobile devices (iOS and Android) and the web. ^[8] The platform targets what it calls "modern investors," with a particular focus on the accredited investor demographic, aiming to fill a market gap between large institutional services and basic retail trading apps. ^[5]

The platform was developed to address the fragmentation common in personal finance, where investors often need separate applications for banking, brokerage, and crypto trading. By consolidating these functions, GalaxyOne seeks to provide more powerful and efficient tools for wealth management. Zac Prince, Head of GalaxyOne, stated, "For too long, individual investors have been stuck with fragmented, underpowered tools... That’s the gap we aim to close." ^[6] The platform is positioned as a direct competitor to established retail-focused financial applications such as Robinhood, Kraken, and Coinbase, differentiating itself by leveraging the institutional-grade infrastructure and expertise of its parent company, Galaxy Digital. ^{[5] [9]}

GalaxyOne operates on a partnership-based model, where GalaxyOne Technology, Inc. provides the user-facing application while specialized, regulated financial institutions handle the underlying services. This structure allows it to offer a diverse range of products, each with the appropriate regulatory oversight and insurance. For example, banking services are provided by an FDIC-member bank, brokerage services by a FINRA/SIPC-member broker-dealer, and crypto custody by a state-chartered trust company. This model enables the platform to offer features like FDIC insurance for cash deposits and SIPC protection for securities, while clearly delineating the higher risks associated with its uninsured digital asset and investment note products. ^{[3] [4]}

History

The foundation for GalaxyOne was laid in 2024 with Galaxy Digital's acquisition of Fierce, a retail-focused financial application. This acquisition, which cost approximately $12.5 million as disclosed in Galaxy's Q4 2024 financial statements, provided the technological and strategic groundwork for the new platform. ^[8] In the official launch announcement, Zac Prince noted, "This vision began years ago with Fierce, the mobile platform Galaxy acquired in 2024." ^{[6] [5]}

GalaxyOne was officially launched to the public in early October 2025. The platform was unveiled on October 6, 2025, with a formal announcement following on October 7, 2025. ^[7] The launch marked Galaxy Digital's official entry into the individual investor market, extending its services beyond its traditional institutional client base. The platform's initial offering included a curated set of services, including trading for three major cryptocurrencies, commission-free stock and ETF trading, and two distinct high-yield cash products. ^{[5] [6]} Following the announcement, shares of Galaxy Digital (GLXY) jumped approximately 10% in early trading, indicating a positive market reception to the company's retail expansion. ^[9]

Technology and Features

GalaxyOne is built as an integrated financial platform that aggregates services from multiple third-party partners into a unified front-end application. The platform is operated by GalaxyOne Technology, Inc., which functions as a technology service provider rather than a direct financial institution. The platform is led by Zac Prince alongside the original development team from Fierce, with Fierce's former CEO, Rob Cornish, serving as Chief Technology Officer of Galaxy. ^{[7] [3]}

Platform Access

The GalaxyOne platform is accessible to users through multiple channels to ensure broad availability:

• Mobile Applications: Dedicated apps are available for both iOS and Android devices.
• Web Application: A full-featured web-based platform allows users to manage their accounts from a desktop or laptop computer. ^{[6] [8]}

Core Services

The platform's primary feature is its unified asset management, allowing users to view and transact with cash, cryptocurrencies, and traditional securities from a single dashboard. Key features include:

• Automated Reinvestment: Users can automatically reinvest earnings from yield products into other assets, such as Bitcoin or cash, to facilitate compounding growth. ^[7]
• GalaxyOne Debit Card: A Mastercard debit card linked to the user's cash account is issued by Cross River Bank.
• ATM Access: The debit card provides fee-free cash withdrawals at over 55,000 Allpoint® network ATMs. ^{[4] [3]}

Future Developments

Upon its launch, Galaxy announced a roadmap for future platform enhancements and product introductions. These planned developments include:

• The introduction of business accounts.
• The addition of crypto asset staking services to allow users to generate yield on their holdings, with Solana (SOL) mentioned as an initial example.
• The development of new products within the brokerage and lending categories. ^[6]

Products

GalaxyOne's offering is structured around four distinct product pillars, each catering to a different aspect of an investor's financial life. ^[7]

GalaxyOne Cash

This product is a high-yield cash deposit account.

• Yield: Offers a 4.00% Annual Percentage Yield (APY). This rate is variable and subject to change. ^[9]
• Insurance: Deposits are held at Cross River Bank, a Member FDIC institution, and are FDIC-insured up to the standard maximum of $250,000 per depositor.
• Minimum Balance: A minimum balance of $500 is required to earn interest. ^{[4] [3]}

Galaxy Premium Yield

This is a higher-yield investment product designed for a specific investor class.

• Yield: Offers an 8.00% APY. The rate can be changed with 30 days' prior notice. ^[8]
• Target Audience: This product is available exclusively to U.S. accredited investors who complete a verification process during onboarding.
• Mechanism: The product is structured as an investment in "Galaxy Premium Yield Investment Notes." These notes are unsecured obligations of a Galaxy affiliate and provide investors with exposure to Galaxy's institutional lending business, which had a loan book of over $1.1 billion as of June 30, 2025.
• Investment Limits: Each investment requires a $25,000 minimum and is capped at $1 million per investor. The product launched with an initial total investment cap of $250 million. ^[7]
• Insurance and Risk: As an investment product, it is not a bank deposit and is not FDIC insured. The notes are not registered under the Securities Act of 1933 and carry significant risk, including the potential loss of the entire principal investment. ^{[6] [4]}

GalaxyOne Brokerage

This service provides access to traditional securities markets.

• Asset Types: Users can trade more than 2,000 U.S.-listed stocks and Exchange-Traded Funds (ETFs). ^[9]
• Commissions: The platform offers commission-free trading for self-directed individual cash brokerage accounts.
• Features:
  • Fractional Shares: Trading of fractional shares is supported for certain eligible securities.
  • Account Types: The brokerage supports Traditional and Roth Individual Retirement Accounts (IRAs).
  • Stock Lending Program: An optional program allows users to earn passive income by lending their eligible stock holdings to market participants.
  • Extended Hours Trading: The platform supports trading outside of standard market hours, which carries additional risks such as lower liquidity and higher volatility.
• Insurance: Brokerage accounts are offered through DriveWealth, LLC, and are protected by the Securities Investor Protection Corporation (SIPC) for up to $500,000 (including a $250,000 limit for cash). These products are not FDIC insured. ^{[4] [7]}

GalaxyOne Crypto

This service facilitates the buying, selling, and holding of digital assets.

• Supported Assets: At launch, the platform offered trading for a curated list of three digital assets: Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). ^[8]
• Execution: The platform provides real-time execution for crypto trades.
• Fee Structure: While GalaxyOne states it does not charge spread markups, transactions may be subject to other fees, including execution, network, or withdrawal fees, such as blockchain "gas" fees.
• Custody: Digital assets are held in custody by Paxos Trust Company, a New York State-chartered trust company.
• Insurance and Risk: Cryptocurrency holdings are not insured by the FDIC or SIPC. These assets are subject to high volatility and risk, including the potential for total loss of principal. Crypto transactions may also constitute taxable events. ^{[4] [5]}

Corporate Structure and Partnerships

GalaxyOne's service delivery model is built on a network of specialized financial partners, with GalaxyOne Technology, Inc. acting as the central technology provider and user interface. This structure ensures that each service is managed by a regulated entity with expertise in its respective field.

• Parent Company: Galaxy Digital Inc. (Nasdaq: GLXY) is the publicly traded parent company providing the institutional backing, brand, and strategic direction for the platform.
• Platform Operator: GalaxyOne Technology, Inc. owns and operates the GalaxyOne application and website.
• Banking Partner: Cross River Bank, a Member FDIC institution, provides all deposit account services for GalaxyOne Cash and issues the GalaxyOne Mastercard Debit Card.
• Brokerage Partners: Brokerage services are introduced by Fin2, LLC and offered through DriveWealth, LLC, which acts as the carrying and clearing broker. DriveWealth is a registered broker-dealer and member of FINRA and SIPC.
• Cryptocurrency Partner: Paxos Trust Company, LLC, a trust company chartered and regulated by the New York State Department of Financial Services (NYSDFS), provides custody and trading services for all digital assets on the platform.
• ATM Network Partner: Allpoint® provides the network of fee-free ATMs accessible to GalaxyOne Debit Card holders. ^{[3] [4]}

Team

While Galaxy Digital has a global team of over 600 members, three key figures have been publicly associated with the leadership and strategy of the GalaxyOne platform.

• Mike Novogratz: The founder and CEO of the parent company, Galaxy Digital. His leadership provides the institutional credibility and digital asset expertise that underpins the GalaxyOne platform. ^[8]
• Zac Prince: The Head of GalaxyOne and a Managing Director at Galaxy. He leads the development and strategy for the platform and has been the primary spokesperson for its launch and vision. ^{[5] [6]}
• Rob Cornish: The Chief Technology Officer of Galaxy. As the former CEO of Fierce, he continues to support the platform's operations and technical development. ^[7]

In discussing the platform's target market, Zac Prince commented on the strategy to attract more sophisticated retail investors: "We’re not necessarily trying to jump all the way down to that [accounts with less than $1,000], but we think there’s a really interesting opportunity and a compelling product set that we can build for that ‘accredited investor’ profile." ^[5]