Galaxy Digital expands into Fireblocks Trust Company for regulated custody

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. Why Galaxy keeps adding custodians 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 h...