Galaxy Digital, the crypto investment firm founded by former Fortress Investment Group president Michael Novogratz, has launched GalaxyOne, a platform providing exposure to both cryptocurrency and traditional financial (TradFi) markets.
The company announced on Monday that GalaxyOne combines cash yield opportunities with trading across cryptocurrencies and equities. Targeted at individual investors in the United States, the platform offers a 4% annual percentage yield (APY) on cash deposits, along with an 8% APY through Galaxy Premium Yield, which is exclusively available to accredited investors.
“We’ve spent years building institutional-quality infrastructure to serve the world’s most sophisticated investors. Now, we’re extending that edge to individuals,” Novogratz said.
Originally developed under the name Fierce, which Galaxy acquired in 2024, GalaxyOne aims to provide individual investors with access to both TradFi and digital markets. According to Novogratz, the platform represents a key step in Galaxy’s mission to become a full-spectrum financial services provider, delivering regulated and accessible products across all market segments.
The GalaxyOne app, now available on iOS and Android, features four core offerings: Galaxy Premium Yield, GalaxyOne Cash, GalaxyOne Crypto, and GalaxyOne Brokerage.
Key Features and the Race for Yields
Among its notable features, the GalaxyOne app allows users to reinvest earned interest on cash into Bitcoin and other supported cryptocurrencies, including Ether and Solana.
The launch comes amid increasing demand for yields—returns on investments over a set period—particularly within the cryptocurrency sector. Stripe CEO Patrick Collison has noted that the rise of yield-bearing stablecoins may eventually push traditional banks to offer deposit yields to remain competitive.
“As technology reshapes how people invest, expectations are clear: higher yields, seamless access from a single platform, and opportunities that go beyond traditional boundaries,” said Zac Prince, GalaxyOne director and managing director at Galaxy.
“GalaxyOne delivers exactly that: a unified opportunity to earn yield on cash, trade crypto, and access US equities, all supported by Galaxy’s financial discipline, institutional oversight, and professional team trusted by some of the world’s most sophisticated institutions.”
GalaxyOne does not offer yields on stablecoins at launch, due to restrictions under the U.S. GENIUS Act, which explicitly prohibits issuers from providing yield-bearing stablecoins.
Despite this regulatory limitation, analysts such as Nic Carter, partner at Castle Island Ventures, anticipate that the demand for stablecoin yields will continue to grow, even in the face of industry pushback.
“We have an exciting roadmap ahead and are eager to deliver a differentiated financial experience to our clients. This is just the beginning,” said Zac Prince, GalaxyOne director and managing director at Galaxy.
