Galaxy Digital has broadened the reach of its institutional staking platform by partnering with crypto custody provider Fireblocks, as announced on Wednesday.
Key Highlights:
Galaxy Digital’s partnership with Fireblocks enables staking access for over 2,000 institutions.
The firm currently manages $3.15 billion in staked assets and is augmenting its growth through custodial collaborations.
Galaxy is positioning itself as a significant contributor to on-chain financial infrastructure.
This collaboration allows more than 2,000 financial institutions utilizing Fireblocks’ custody solutions to directly access Galaxy’s staking services from their vaults.
The initiative is in response to a rising demand among institutional clients for crypto staking—an activity involving the locking of tokens on proof-of-stake blockchains to aid network systems in exchange for incentives.
Galaxy Strengthens Custodial Partnerships with $3.15B in Staked Assets
Galaxy Digital reports holding $3.15 billion in digital assets currently staked, as it continues to enhance its custodial network through targeted partnerships.
The integration with Fireblocks marks the third expansion of its custodial partnerships this year, following arrangements with Zodia Custody and BitGo, as the firm seeks to bolster its global offering for institutional clients.
“This Fireblocks integration is a pivotal advancement for Galaxy’s goal of providing secure and capital-efficient staking at the institutions where they store their digital assets,” stated Zane Glauber, head of blockchain infrastructure at Galaxy.
“As the crypto ecosystem matures, our commitment is to deliver services that align with institutional performance and reliability benchmarks.”
Institutional interest in staking has surged recently, spurred by clearer regulatory frameworks in significant regions and a broader inclination among traditional financial institutions to explore blockchain-based yield options.
Through this latest integration, Galaxy solidifies its role as a foundational infrastructure provider for capital markets as they transition to on-chain operations.
Big move from Galaxy Digital ($GLXY)
They’ve just integrated with Fireblocks, meaning over 2,000 institutions can now access Galaxy’s staking services directly from their Fireblocks vaults—eliminating the need for any asset transfers.
This is a substantial advancement that enhances staking’s accessibility, security, and overall efficiency…
— ryan belandres (@BelandresRyan) July 9, 2025
Fireblocks, known for enabling secure digital asset operations for many leading financial entities, praised the partnership as a means to enhance their staking capabilities.
“With Galaxy’s established infrastructure and extensive proficiency, we’re providing our clients with even more value and options,” stated Adam Levine, Fireblocks’ SVP of Corporate Development & Partnerships.
Galaxy’s infrastructure division continues to carve its niche at the crossroads of staking, custody, and institutional engagement, as the firm endeavors to develop what it refers to as the next generation of blockchain-native financial services.
Ethereum Staking Sees Significant Growth Despite Market Challenges
Recent reports indicate that Ethereum staking has achieved an unprecedented milestone, with over 35 million ETH—accounting for more than 28.3% of the total supply—now locked within the network’s proof-of-stake framework.
In the first half of June alone, over 500,000 ETH was staked, indicative of a behavioral shift among investors opting for yield generation rather than selling at current valuations.
Currently, liquid staking leader Lido manages over 25% of all staked ETH, while Binance and Coinbase account for approximately 7.5% and 7.4%, respectively.
Coinbase has also positioned itself as Ethereum’s largest node operator, administering over 11.4% of staked ETH through its validators.
Interestingly, Ethereum is experiencing its most significant whale accumulation in the last seven years, with large wallets amassing over 871,000 ETH in a single day on June 12.
This influx marked the largest daily addition in 2025 and has escalated the total holdings in wallets containing between 1,000 and 10,000 ETH to exceed 14.3 million ETH, according to data from Glassnode.
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