Key Highlights
- Israel’s largest financial institution, Bank Leumi, will integrate Bitcoin, Ethereum, and Solana trading into its Leumi Trade mobile application
- Crypto services will become available in early 2027 for both Leumi and Pepper banking app users
- Trading operations will be powered by Galaxy Digital’s GalaxyOne Institutional platform
- Digital asset storage and security will be managed through Galaxy’s custody solution, previously operating as GK8
- Leumi will become the pioneering Israeli banking institution to provide retail crypto trading capabilities
In a significant move for Israel’s financial sector, Bank Leumi has entered into a strategic collaboration with Galaxy Digital to introduce cryptocurrency trading capabilities to its customer base. The rollout is scheduled for early 2027.
Users of both Leumi’s primary platform and Pepper, its digital-first banking subsidiary, will gain access to purchase, store, and liquidate positions in Bitcoin, Ethereum, and Solana. All cryptocurrency transactions will be facilitated through a specialized module within the existing Leumi Trade application.
The technical backbone for these trading operations will come from Galaxy Digital’s GalaxyOne Institutional solution. Meanwhile, asset protection and storage responsibilities will fall to Galaxy’s custody technology, which previously operated under the GK8 brand name.
According to Bank Leumi, the institution caters to millions of clients spanning both consumer and commercial banking segments. This initiative positions Leumi as the inaugural Israeli banking entity to provide direct digital asset trading capabilities to its clientele.
The Rationale Behind Asset Selection
The selection of these particular digital assets mirrors prevailing institutional appetite. Bitcoin and Ethereum maintain their positions as the dominant cryptocurrencies measured by market capitalization. Solana has experienced accelerating adoption among institutional market participants.
Galaxy has already established operational infrastructure supporting Solana. The firm operates as a validation service provider for investment products connected to Solana’s blockchain network.
The GalaxyOne Institutional platform consolidates trading execution, asset custody, staking services, capital financing, and market intelligence into a unified system. This architecture aims to deliver cryptocurrency exposure to banking clients while maintaining enterprise-grade security protocols.
Galaxy’s Expansion in Traditional Finance Partnerships
This agreement with Leumi aligns with Galaxy Digital’s comprehensive approach to institutional banking collaboration. The company has been systematically developing its traditional finance partnerships across various geographic regions.
Galaxy recently enhanced its collaboration with BNY to incorporate institutional staking capabilities into BNY’s digital asset infrastructure. This integration enables clients to manage custody and staking operations through a unified process.
Last July, Galaxy finalized a sponsorship agreement with Texas Tech University, establishing itself as the official data center and digital assets partner for the institution’s athletic programs.
Galaxy Digital commenced public trading on the Nasdaq exchange in May 2025 with the symbol GLXY. The stock closed Friday at $21.38, registering approximately 2% gains for the session while showing a decline of roughly 25% year-over-year.
The firm reported an $85 million net deficit for the second quarter, attributing the shortfall to declining cryptocurrency valuations. Nevertheless, its digital asset operations generated $66 million in adjusted gross earnings, representing a 34% quarter-over-quarter increase.
Galaxy Digital operates under the leadership of founder Mike Novogratz. The organization has maintained its institutional expansion trajectory despite recent equity price corrections.
The Bank Leumi collaboration represents another significant banking partnership for Galaxy’s expanding institutional client roster. The service remains on schedule for its early 2027 debut, subject to completion of trading and custody infrastructure implementation.
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