Bank Leumi Teams Up With Galaxy Digital for Crypto Trading Launch in Israel

Key Highlights

• Bank Leumi, the leading financial institution in Israel, will integrate Bitcoin, Ethereum, and Solana trading into its Leumi Trade application
• Retail customers through Leumi and Pepper mobile banking will gain access beginning early 2027
• Galaxy Digital’s GalaxyOne Institutional platform will power the trading framework
• Digital asset security will be managed by Galaxy’s custody solution, previously branded as GK8
• Leumi will become Israel’s pioneering bank to deliver cryptocurrency trading to everyday customers

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In a significant development for Israel’s financial sector, Bank Leumi has entered into a collaboration with Galaxy Digital to bring cryptocurrency trading capabilities to its customer base. The rollout is scheduled for the first quarter of 2027.

LATEST: Bank Leumi, Israel’s largest bank, is partnering with Galaxy to let customers trade Bitcoin, Ethereum and Solana via its Leumi Trade app starting early 2027. pic.twitter.com/PiHu8aFFuZ

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Both Leumi’s primary customers and those using Pepper, its mobile-first banking subsidiary, will gain the ability to purchase, store, and liquidate Bitcoin, Ethereum, and Solana. These transactions will occur within a specialized segment of the Leumi Trade mobile application.

The underlying trading technology will be provided by Galaxy Digital’s GalaxyOne Institutional solution. Meanwhile, the safeguarding of digital assets will rely on Galaxy’s custody platform, which operated under the GK8 brand before rebranding.

According to Leumi, the institution provides financial services to millions of clients spanning both consumer and commercial banking sectors. The bank emphasizes that this initiative positions it as the inaugural Israeli banking institution to provide direct digital asset trading capabilities to its clientele.

Rationale Behind the Asset Selection

The selection of these particular digital assets mirrors prevailing institutional appetite. Bitcoin and Ethereum represent the cryptocurrency market’s two dominant assets by total valuation. Solana has experienced increasing adoption among institutional investors.

Galaxy has already established operational infrastructure supporting Solana. The firm operates as a validation provider for investment products connected to the Solana ecosystem.

GalaxyOne Institutional consolidates trading execution, asset custody, staking services, financing solutions, and market analysis into a unified platform. This architecture aims to deliver cryptocurrency exposure to banking clients while maintaining institutional-grade security protocols.

Galaxy’s Strategic Expansion in Traditional Finance

The agreement with Leumi represents part of Galaxy Digital’s comprehensive approach to building relationships with established financial institutions. The company has been actively developing its institutional banking network across various regions.

Galaxy recently broadened its collaboration with BNY to incorporate institutional staking capabilities into BNY’s digital asset infrastructure. This enhancement enables clients to manage custody and staking operations through a unified system.

During July, Galaxy finalized a naming rights agreement with Texas Tech University, establishing itself as the official digital assets and data center partner for the school’s athletics program.

Galaxy Digital commenced public trading on the Nasdaq exchange in May 2025 using the GLXY ticker symbol. The stock closed Friday at $21.38, reflecting a 2% intraday gain while showing approximately 25% decline year-over-year.

The firm reported an $85 million net deficit during the second quarter, attributing the loss to diminished cryptocurrency valuations. Nevertheless, its digital asset operations generated $66 million in adjusted gross earnings, representing a 34% sequential increase.

Mike Novogratz established Galaxy and continues to serve as its chief executive. The organization has maintained its institutional expansion trajectory despite experiencing share price contraction.

The Leumi collaboration expands Galaxy’s portfolio of institutional banking partnerships. Implementation remains on schedule for early 2027, subject to completion of trading and custody system integration.

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Source: https://blockonomi.com/bank-leumi-teams-up-with-galaxy-digital-for-crypto-trading-launch-in-israel/