Galaxy Digital expands into Fireblocks Trust Company for regulated custody
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galaxy digital phone The institutional crypto firm adds another qualified custodian to its growing roster as demand for compliant digital asset infrastructure accelerates Share Galaxy Digital is now a client of Fireblocks Trust Company, the digital asset infrastructure firm's regulated custody arm. The move adds yet another qualified custodian to Galaxy's expanding toolkit for serving institutional investors who increasingly need compliant, secure places to park their digital assets. Fireblocks Trust Company, which received its charter from the New York State Department of Financial Services (NYDFS) in 2024, announced the partnership on October 8, 2025. Galaxy joins a cohort that includes Bakkt, Castle Island, and FalconX as clients of the platform. Galaxy Digital's approach to custody is essentially the opposite of putting all your eggs in one basket. Rather than building its own trust company, the firm has been deliberately diversifying across multiple regulated custody providers, including Bakkt Trust, Gemini, and Fidelity Digital Assets. Fireblocks brings a particular technical edge to that equation. The company uses multi-party computation (MPC) technology for securing digital assets, a cryptographic method that splits private keys across multiple parties so no single point of failure can compromise the underlying holdings. For Galaxy, which offers services spanning...
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