Story perspectives

Galaxy Digital Unveils GalaxyOne: High-Yield Cash and Crypto Trading

10/6/2025

Summary

Story summary

Galaxy Digital Inc. launched GalaxyOne, led by Zac Prince.
The platform offers high-yield cash, crypto trading, and commission-free stock brokerage. Galaxy's risk team has quadrupled.
The 4% APY cash account is insured by Cross River Bank.
The 8% APY product targets accredited investors and is not FDIC-insured. Shares rose 5% to $38.06, roughly tripling over the past year.

History

Historical Context

The Glass-Steagall Act, enacted in 1933, established a crucial separation between commercial and investment banking to stabilize the financial system after over 9,000 bank failures during the Great Depression. This legislation aimed to protect consumers and restore confidence in banking. Today, innovations like Galaxy Digital Inc.'s GalaxyOne challenge these historical regulations, sparking discussions on the need for updated financial oversight in a rapidly evolving market.

1 of 2

Story summary

Galaxy Digital Inc. launched GalaxyOne, led by Zac Prince.
The platform offers high-yield cash, crypto trading, and commission-free stock brokerage. Galaxy's risk team has quadrupled.
The 4% APY cash account is insured by Cross River Bank.
The 8% APY product targets accredited investors and is not FDIC-insured. Shares rose 5% to $38.06, roughly tripling over the past year.

1 / 2