Crypto trading company Galaxy Digital (GLXY) is expanding institutional staking with Fireblocks
The cryptocurrency trade company Galaxy Digital (GLXY) Expanded your blockchain staking platform for large institutional customers with the support of the crypto-custody specialists Fireblocks, the companies announced on Wednesday.
With the integration, Galaxys Staking services are now accessible to more than 2,000 of the world's largest financial institutions that use Fireblocks to stake digital assets directly from their Fireblocks, according to the message.
To stake crypto assets on blockchains, a method of supports the way transactions are validated On a decentralized network in Rendite for yieldgrows among institutional investors, especially under a crypto -friendly administration in the USA,
Galaxy announced that it currently keeps around $ 3.15 billion of crypto-assets under custody, and the Fireblocks Agreement is the third custody integration this year, according to partnerships with Zodia Custody and Bitgo.
“This Fireblocks integration represents significant progress in Galaxy's mission to offer safe and capital-efficient staking where institutions keep their digital assets,” said Zane Glauber, head of the blockchain infrastructure at Galaxy.
UPDATE (July 9, 11: X05 UTC): Adds that the clocks managed by Galaxy are $ 3.15 billion
