Galaxy Digital has expanded access to its institutional staking platform through a new integration with crypto custody provider Fireblocks, the companies announced Wednesday.
Key Takeaways:
Galaxy Digital integrated with Fireblocks to offer staking access to over 2,000 institutions. The firm now holds $3.15B in staked assets and is expanding through custodial partnerships. Galaxy is becoming a key player in on-chain financial infrastructure.The partnership will allow more than 2,000 financial institutions already using Fireblocks’ custody infrastructure to access Galaxy’s staking services directly from their vaults.
The move comes amid growing appetite among institutional clients for crypto staking, which is the process of locking tokens on proof-of-stake blockchains to support network operations in exchange for rewards.
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.
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.
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