Galaxy Digital, the prominent cryptocurrency financial services firm, has expanded its flagship GalaxyOne platform by integrating native Solana (SOL) staking support. This move, announced via a PR Newswire press release, enables individual investors to stake SOL tokens directly within the platform to earn rewards, delegating to validators to help secure the Solana network. The integration is designed to lower the technical barrier for investors, with GalaxyOne handling validator selection, reward distribution, security, and tax documentation.
Mike Novogratz, Founder and CEO of Galaxy Digital, emphasized the firm's commitment to building robust digital asset infrastructure. The expansion reflects a strategic shift to cater to sophisticated investors demanding yield-generating activities beyond simple holding. The timing aligns with clearer regulatory frameworks for staking-as-a-service in key jurisdictions like the United States.
In a separate but related development, StraitsX has deployed its XSGD and XUSD stablecoins on the Solana blockchain. This creates a native Singapore dollar to US dollar corridor within the same high-speed, low-cost network. The deployment targets integration with centralized and decentralized exchanges, automated market makers (AMMs), and lending protocols to deepen liquidity for both assets.
The choice of Solana by both entities is grounded in its efficiency, high throughput, and low transaction costs, making it suitable for stablecoin transfers, DeFi activity, and payment applications. StraitsX indicated that the focus is now on integration to enable real financial flows for cross-border payments, treasury operations, and programmable settlement.
