Galaxy Brains The Launch of GalaxyOne with Zac Prince
Oct 9, 2025
Zac Prince, Head of Galaxy One and former CEO of BlockFi, shares insights on his transition from crypto lending to leading a retail-focused investment platform. He discusses the new GalaxyOne app, designed for mass-affluent users, combining banking, brokerage, and crypto trading. Zac explains how the innovative product offers an impressive 8% yield sourced from institutional lending, while addressing risk management and liquidity. Exciting upcoming features like staking and enhanced asset management are also on the horizon, making GalaxyOne a holistic financial solution.
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From BlockFi Seed To Galaxy Role
- Zac Prince recounts Galaxy's early relationship with BlockFi, including seed investment and a credit facility.
- He describes personal ties with Galaxy leadership that later led him to join Galaxy One.
BlockFi's Downfall And Leadership Choices
- Zac summarizes BlockFi's collapse: regulatory settlement, competitor failures causing withdrawals, then the sale to FTX and subsequent bankruptcy.
- He stayed as CEO through the bankruptcy confirmation to protect client outcomes.
Institutional Strength Brought To Retail
- Galaxy launched Galaxy One to bring institutional-grade products to individual investors.
- The platform combines checking, brokerage, crypto trading, and high-yield cash features.