- Trending
- Comments
- Latest
Galaxy Digital has launched GalaxyOne Cash, a financial app offering yields up to 8% APY for accredited investors and 4% APY for standard users—rates well above traditional savings accounts as Michael Novogratz’s crypto investment firm pushes into retail banking.
The platform, announced Monday, combines cash yields with cryptocurrency trading and U.S. equity brokerage access, marking Galaxy’s most direct challenge yet to fintech rivals like Robinhood and Coinbase. All services are accessible through a single mobile app available on iOS and Android.
‘We’ve spent years building institutional-quality infrastructure to serve the world’s most sophisticated investors. Now, we’re extending that edge to individuals,’ Michael Novogratz, founder and CEO of Galaxy Digital, said in a press release.
The 4% standard rate matches high-yield savings accounts from digital banks like Marcus by Goldman Sachs and Ally Bank, but falls short of current money market fund yields near 5%. The 8% premium tier requires accredited investor status—typically individuals earning over $200,000 annually or holding more than $1 million in investable assets.
Originally developed under the name Fierce, which Galaxy Digital acquired in 2024, the new platform is part of the firm’s mission to become a “full-spectrum financial services provider.” The rebranded GalaxyOne Cash combines yield opportunities on fiat deposits with access to Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) trading, alongside U.S. equities which is all from a single mobile interface.
“GalaxyOne Cash advances our goal of uniting traditional and digital financial systems under one regulated ecosystem,” Novogratz said, emphasizing that the platform reflects the company’s broader mission of bringing crypto yields and TradFi efficiency to everyday investors.
The GalaxyOne app, available on both iOS and Android, currently offers four core products:
Among its standout features, the platform allows users to reinvest earned cash interest directly into Bitcoin or other digital assets, offering a seamless path to crypto exposure while maintaining a stable fiat base.
“GalaxyOne Cash delivers exactly what investors demand today yield on cash, frictionless crypto access, and exposure to U.S. equities,” — Zac Prince, Managing Director at Galaxy and Director of GalaxyOne, said in a company statement.
The timing of the GalaxyOne Cash launch is significant. The financial industry is witnessing an aggressive push toward yield-based products, as investors seek stable returns amid global uncertainty. Platforms offering yield on fiat and crypto deposits are becoming increasingly competitive which is a shift amplified by the Federal Reserve’s rate cuts and ongoing inflation concerns.
Stripe CEO Patrick Collison argued in a September 2025 blog post that yield-bearing stablecoins would eventually force traditional banks to raise deposit rates to remain competitive, though he did not specifically address Galaxy’s offering.
“As technology reshapes how people invest, expectations are clear: more yield, easier access from a single platform, and opportunities that extend beyond traditional boundaries,” Prince added, underscoring GalaxyOne Cash as a direct response to this demand.
The platform currently cannot offer yields on stablecoins due to provisions in the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, passed in early 2025. The legislation prohibits stablecoin issuers from offering interest on deposits to prevent them from functioning as unregulated banks.
However, GalaxyOne Cash sidesteps these restrictions by offering yields on traditional fiat deposits held in FDIC-insured accounts, rather than on blockchain-based stablecoins like USDC or USDT.
Despite this limitation, analysts believe yield-bearing assets will continue to gain momentum.
Even with regulatory friction, yield innovation in digital finance is inevitable. Products like GalaxyOne Cash are the next evolution of savings and investment technology, — Nic Carter, Partner at Castle Island Ventures, said in an interview with CoinDesk.
Galaxy Digital’s entry into the retail investment market through GalaxyOne Cash marks a strategic shift from its institutional roots. The company, known for its robust trading, asset management, and mining divisions, is now targeting individual investors seeking secure and high-yield alternatives to traditional savings accounts.
According to CoinTelegraph, Galaxy’s foray into retail aligns with the broader industry trend of crypto-fintech convergence, where major players like Revolut, Robinhood, and Coinbase are increasingly integrating fiat yields and crypto functionality within single apps.
GalaxyOne Cash gives individuals the same access to regulated, yield-generating tools once reserved for institutions, — Prince said. We have an exciting roadmap ahead and are committed to delivering a differentiated financial experience to our clients. This is just the beginning.
Galaxy Digital did not immediately respond to questions about whether GalaxyOne Cash might introduce stablecoin yield products in future updates. However, industry observers believe the platform’s expansion could set a new benchmark for hybrid finance applications that blend regulation, innovation, and user experience.
GalaxyOne Cash’s launch positions Galaxy Digital to compete directly with fintech giants and crypto exchanges for retail investor deposits—a market worth trillions in aggregate assets.
The platform’s success will depend on whether retail investors find Galaxy’s brand and yields compelling enough to consolidate accounts currently spread across Robinhood, Coinbase, and traditional banks. With major players like BlackRock and Fidelity also entering tokenized finance, the race for integrated crypto-TradFi platforms is intensifying.
Galaxy Digital plans to expand GalaxyOne’s features throughout 2025, though specific product roadmap details were not disclosed.
