Galaxy Digital Partners with Fireblocks to Unlock Staking for 2,000 Institutional Heavyweights

Wall Street's crypto arms race just leveled up—again.

Galaxy Digital, Mike Novogratz's crypto powerhouse, is teaming up with Fireblocks to give 2,000 institutional players a golden ticket to staking yields. Because why let retail have all the fun?

The institutional floodgates open

This isn't your cousin's DeFi side hustle. We're talking pension funds, asset managers, and the usual suspects who still think 'HODL' is a typo. Now they can chase those sweet, sweet staking rewards without getting their hands dirty with private keys.

Fireblocks brings the armored truck

The digital asset custody specialist will provide the security infrastructure—because nothing says 'institutional adoption' like enterprise-grade paranoia. Multi-party computation? Check. Insurance-backed cold storage? Obviously.

The fine print they won't mention

While the suits finally dip their toes into crypto's passive income pool, let's remember they're about three bull cycles late to the party. But hey, better late than never—especially when you can charge 2-and-20 for the privilege.

One thing's clear: The institutional FOMO is real, and the staking wars just got serious.

Galaxy Expands Custodial Network With $3.15B in Staked Assets

Galaxy currently has $3.15 billion in digital assets under stake and is deepening its custodial network through strategic partnerships.

The Fireblocks integration marks its third custodial expansion this year, following deals with Zodia Custody and BitGo, as the firm looks to strengthen its institutional offering globally.

“This Fireblocks integration represents a significant step forward in Galaxy’s mission to make secure and capital-efficient staking available where institutions custody their digital assets,” said Zane Glauber, head of blockchain infrastructure at Galaxy.

“As crypto infrastructure continues to mature, we’re committed to delivering services that match institutional performance and reliability standards.”

Institutional demand for staking has climbed in recent months, aided by clearer regulatory guidance in key jurisdictions and a broader shift among traditional financial institutions exploring blockchain-based yield opportunities.

With this integration, Galaxy enhances its position as a Core infrastructure provider for capital markets transitioning on-chain.

Big move from Galaxy Digital ($GLXY)

They’ve just integrated with Fireblocks, which means over 2,000 institutions can now access Galaxy’s staking services directly from their Fireblocks vaults — no transfers needed.

It’s a huge step that makes staking easier, safer, and more…

Fireblocks, which facilitates secure digital asset operations for many of the world’s leading financial players, welcomed the deal as a way to strengthen its staking offerings.

“With Galaxy’s proven infrastructure and DEEP expertise, we’re bringing even greater value and choice to our clients,” said Adam Levine, Fireblocks’ SVP of Corporate Development & Partnerships.

Galaxy’s infrastructure unit continues to position itself at the intersection of staking, custody, and institutional adoption, as the firm pushes to build what it calls the next generation of blockchain-native financial services.

Ethereum Staking Surges Despite Market Slump

As reported, ethereum staking has reached a new milestone, with more than 35 million ETH, over 28.3% of the total supply, now locked into the network’s proof-of-stake system.

Over 500,000 ETH was staked in just the first half of June. The trend signals a shift in investor behavior, with many opting to earn yield rather than sell at current prices.

Currently, more than 25% of all staked ETH is handled by liquid staking giant Lido, while Binance and Coinbase account for 7.5% and 7.4%, respectively.

Coinbase has also emerged as Ethereum’s largest node operator, controlling over 11.4% of staked ETH via its validators.

Notably, Ethereum is witnessing its most intense whale accumulation in seven years, with large wallets adding over 871,000 ETH in a single day on June 12.

This marks the highest daily inflow in 2025 and has pushed total holdings in 1,000 to 10,000 ETH wallets past 14.3 million ETH, according to Glassnode.