State Street Galaxy App Launches, Targets $5 Billion in Digital Assets by 2026

State Street Global Advisors Hong Kong and Galaxy Asset Management have announced the launch of a digital asset investment app named "State Street Galaxy." This innovative app is designed to integrate Galaxy's blockchain data analysis tool, enabling real-time monitoring of on-chain transaction activities for digital assets.

The new app will offer a range of services, including underlying asset screening, risk hedging, and compliance framework design support, all provided by Galaxy. State Street Hong Kong will handle the issuance infrastructure and global distribution network, ensuring a seamless and efficient user experience. The collaboration aims to expand the scale of digital asset management to $5 billion by 2026, reflecting a significant growth trajectory in the digital asset sector.

Galaxy Asset Management, a subsidiary of Galaxy Digital Holdings, specializes in investment management within the digital asset and blockchain technology fields. With assets under management exceeding $1 billion, the firm serves a global clientele of institutional investors and high-net-worth individuals. This partnership underscores the growing importance of digital assets in the financial landscape and the increasing demand for sophisticated investment tools and services.