Galaxy Digital Holdings has partnered with BitGo Trust Company to enhance staking opportunities for investors while enabling staked assets to be used as collateral for financial products.
The partnership combines Galaxy’s blockchain infrastructure, lending, and trading expertise with BitGo’s regulated custody solutions, offering institutional and retail investors a streamlined way to optimize their digital asset holdings. Through this integration, BitGo clients can leverage Galaxy’s staking platform to boost capital efficiency and reduce financing costs.
“This collaboration reinforces our commitment to delivering secure and innovative financial services tailored to the evolving needs of digital asset investors,”
said Zane Glauber, Head of Galaxy’s Blockchain Infrastructure team. He emphasized that integrating BitGo’s custody solutions with Galaxy’s staking platform would help investors unlock more excellent value from their digital assets.
Galaxy’s Blockchain Infrastructure team, which manages approximately $4.2 billion in staked assets, will support the new offering, providing staking and validator services to institutional clients and blockchain protocols.
BitGo’s Head of Prime Brokerage and U.S. Institutional Sales, Adam Sporn, highlighted the growing demand for services beyond traditional custody.
“As institutional clients seek more comprehensive solutions, we continue expanding our offerings, including staking, collateral management, and financing. Partnering with Galaxy allows our clients to efficiently stake, custody, and finance their digital asset strategies,”
he said.
The collaboration marks another step in Galaxy’s expansion into institutional staking services, reinforcing its position as a key player in the digital asset ecosystem. In addition to its partnership with Galaxy, BitGo has officially launched a global OTC crypto trading desk, offering trading for over 250 cryptocurrencies and lending, yield generation, and custody services for institutional investors. Since its stealth mode launch in early 2024, the platform has processed billions in trading volume and holds a $150 million lending book. The initiative is led by industry veterans Matt Ballensweig and Stefan Von Haenisch to meet the increasing institutional demand for digital assets.
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