Company Announcements

This integration combines Galaxy's robust staking infrastructure with Coinbase's trusted custody, powering the next wave of institutional adoption

NEW YORK , Oct. 29, 2025 /CNW/ - Galaxy Digital Inc. (NASDAQ: GLXY) (TSX: GLXY) today announced its integration with Coinbase Prime (NASDAQ: COIN) – a secure, full service platform that combines deep liquidity and institutional-grade custody supporting institutions by powering their staking solutions. Through this collaboration, Coinbase Prime clients can seamlessly access Galaxy's high-performance staking infrastructure – placing Galaxy among the short list of carefully selected staking providers Coinbase has integrated directly into its platform.

As digital assets enter a new phase of institutional adoption, the largest and most influential allocators require more than just rewards – they need the ability to seamlessly diversify their staking activity and generate liquidity against their staked assets. This integration positions Galaxy and Coinbase Prime as a powerful custodial, staking, and liquidity solution for ETFs and ETPs, pairing Coinbase's trusted custody with Galaxy's globally distributed validator network.

"This Coinbase integration underscores the maturation of the staking ecosystem and the rising demand from institutions for safe, reliable, and scalable digital asset services," said Zane Glauber, Head of Blockchain Infrastructure at Galaxy. "We're proud to be a part of Coinbase's selective network of integrations, giving institutions seamless access to Galaxy's robust infrastructure from a leading institutional custody solution."

Beyond staking, Galaxy offers trading, lending, and liquidity solutions, giving institutional clients a comprehensive platform for deploying digital assets productively and moving beyond passive allocation toward advanced, capital-efficient strategies.

"With Galaxy's proven validator infrastructure integrated into the Coinbase custody ecosystem, institutions can now diversify stake across even more established staking providers," said Lewis Han, Head of Staking Sales at Coinbase. "Coinbase is highly selective in its integrations, and Galaxy's scale, expertise, and reliability make them a natural fit as we expand institutional access to staking."

With approximately $6.6 billion in assets under stake¹, Galaxy is delivering the secure, scalable infrastructure necessary to support long-term institutional participation in the cryptoeconomy. This integration with Coinbase marks the fourth custodial integration Galaxy's Blockchain Infrastructure team has announced in 2025 –  following its collaborations with Fireblocks, Zodia Custody and BitGo earlier this year – and is further supported by GK8, Galaxy's institutional self-custody technology platform.

About Galaxy

Galaxy Digital Inc. (Nasdaq/TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and high-performance computing workloads. Our 800 MW Helios campus in Texas, which has an additional 2.7 GW of power under study, positions Galaxy among the largest and fastest-growing data center developments in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com.

CAUTION ABOUT FORWARD-LOOKING STATEMENTS
The information in this document may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended and "forward-looking information" under Canadian securities laws (collectively, "forward-looking statements"). Our forward-looking statements include, but are not limited to, statements regarding our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. Statements that are not historical facts, including statements about our HPC business plans and the parties, perspectives and expectations regarding the financing and status of the campus development, are forward-looking statements. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this document are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks include, but are not limited to: (1) risks related to retrofitting our existing facility from mining to AI and HPC infrastructure, including the timing of construction and its impact on lease revenue; (2) risks associated with the financing, including the ability to maintain financial covenants and ongoing obligations thereunder; (3) changes to AI and HPC infrastructure needs and their impact on future plans at the Helios campus; (4) risks associated with the leasing business, including those associated with  counterparties; (5) costs related to the HPC plans and proposed operations and strategy; (6) changes in applicable laws or regulations; (7) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (8) changes or events that impact the cryptocurrency and AI/HPC industry, including potential regulation, that are out of our control; (9) the risk that our business will not grow in line with our expectations or continue on its current trajectory; (14) the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of it; (15) the possibility that there is a disruption or change in power dynamics impacting our results or our current or future load capacity; (16) any delay or failure to consummate the business mandates or achieve its business pipeline goals; (17) liquidity or economic conditions impacting our business; (18) technological challenges, cyber incidents or exploits; and (19) those other risks contained in filings we make with the Securities and Exchange Commission (the "SEC") from time to time, including in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, filed with the SEC on August 5, 2025, and available on Galaxy's profile at www.sec.gov/edgar (our "Form 10-Q").  Factors that could cause actual results to differ materially from those described in such forward-looking statements include, but are not limited to, financing and construction terms and conditions, a decline in the digital asset market or general economic conditions; a delay or failure in developing infrastructure for our business or our businesses achieving our mandates; delays or other challenges in the AI/ HPC infrastructure business related to hosting, power or construction; and changes in applicable law or regulation and adverse regulatory developments. Should one or more of these risks or uncertainties materialize, they could cause our actual results to differ materially from the forward-looking statements. Except as required by law, we assume no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements. 

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SOURCE Galaxy Digital Inc.