Galaxy & Fireblocks Launch Staking for 2,000+ Institutions
Galaxy Digital and Fireblocks have partnered to open institutional staking services to over 2,000 firms. The collaboration leverages Fireblocks’ MPC-based custody and threshold signature infrastructure to enable secure, compliant self-custody staking of major Proof-of-Stake tokens—including ETH, SOL, AVAX and MATIC—via a unified platform. Galaxy Digital now manages approximately $2.3 billion in staked assets and forges its third custodial integration this year, aiming to democratize yield generation and attract institutional capital to PoS networks. The move enhances security, streamlines operations and could accelerate institutional adoption of crypto staking strategies.
Bullish
By extending secure, MPC-based self-custody staking to over 2,000 institutions and managing $2.3 billion in assets, Galaxy Digital and Fireblocks strengthen institutional engagement with Proof-of-Stake networks. This expansion is poised to drive increased demand for PoS tokens like ETH, SOL, AVAX and MATIC, supporting price appreciation. In the near term, onboarding new institutional capital could boost market liquidity and trading volumes. Over the long term, improved custody and compliance infrastructure may lower barriers to entry, underpinning sustained bullish momentum for PoS assets.