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Galoy was founded by Nicolas Burtey and Chris Hunter to develop open-source Bitcoin banking software.

Galoy closed a $3 million seed funding round led by Craft Ventures to expand its Bitcoin banking software.

Galoy announced Stablesats, a feature creating synthetic USD balances on the Lightning Network using derivatives.

The Bitcoin Beach Wallet, powered by Galoy, was rebranded to Blink to reflect its global user base and mission.

Galoy launched Lana, a subscription software for banks to offer bitcoin-backed loans, and sold the Blink wallet to focus on B2B.