The institutional playbook for crypto in 2026: Zac Prince on Galaxy One

Transcript

Where does the yield come from? Really simple answer. Galaxy has been a leader in the institutional crypto lending market for a long time. The institutional crypto lending market is under supplied with cash relative to traditional markets and as a result the cost of borrowing is higher and we are with this product enabling folks to access that market with a security wrapper of a guarantee from Galaxy behind the product. The biggest players in finance are in a race to build the latest and greatest everything app. But what does this mean for users, investors, and what makes all these apps unique? Or are they all just different flavors of the same thing? Hello and welcome to the Milkro Show, the daily crypto show that knows that the best app

in crypto will always be number go up technology. I'm your host, John Gillan. It is Tuesday, January 6th, and today we are joined by Zach Prince. Zach is best known as the co-founder and former CEO of BlockFi. He is now back in crypto as the head of Galaxy 1, Galaxy Digital's consumer focused platform offering high yield cash accounts, crypto trading, and stock brokerage services, and maybe a whole lot more than that soon. Zach is going to give us the inside scoop on one of the biggest newcomers to the crypto app competition, and a whole lot more besides that. So, make sure you like and subscribe, share this episode with someone who needs to hear it. Today's episode is brought to you by Reserve ETFs, the onchain equivalent of ETFs.

Chain Link links web 3 to Wall Street. Bridge send stable coin payments instantly. Simple, global, friction-f free. Without further ado, welcome to the Milk Road Show, Zach Prince. How are you sir? >> Doing well. Hey, John. Thanks for having me. Excited to be here. >> I'm excited to have you on. There's going to be a lot of great alpha in this. I'm going to learn a lot from this conversation. I can already tell. So, I'm I'm excited to dive into things. Um, I don't want to rehash all of your history in crypto because, you know, the BlockFi situation was what it was. I think you guys handled that as well as you could under the circumstances with what happened with FTX. Um, but you are somebody who has been in crypto for a very long time and I'm really curious your thoughts on where we are in the

market right now. Bitcoin is finally showing some signs of life here in early 2026 um, after surprisingly weak performance in 2025. Is this just a deadcat bounce on the way into another long bare market or do you expect Bitcoin to show some strength and make new highs in 2026? Yeah, I could, you know, honestly I'm I've never been much of a uh short-term market prognosticator. I defer to Mike Novagrats and and others within Galaxy for, you know, price predictions and things of that sort, but, you know, from from when I first started investing in Bitcoin, which was back in 2015, I've thought that it was something that is a store of value mixed with a kind of venture capital type of bet. And I I

still think it serves that purpose. I think there's tremendous tailwinds behind the asset class with ETFs and other kind of traditional financial services platforms having products now that they can sell to investors to give them exposure to the asset class. I think demographics are in the asset classes favor and I think we're going to continue to see increased use of blockchain technology into different applications that will ultimately pull capital into the ecosystem. You know, the times where I have tried to guess where the Bitcoin price is going to go, I'm often wrong. I don't make investment decisions based on how I feel about where the price might go. I'm more of a, you know, come up with an asset allocation, set it and forget it type of

guy. That being said, the market felt pretty bearish at the end of last year. It should have been a great year for Bitcoin. you know, gold, silver, stocks, uh, were all, you know, had a great year and Bitcoin was, uh, was down on the year, I think, a little bit, right? Like down 10%ish on the on the year. Um, which is not what you would expect. Twitter sentiment. I'm a huge, you know, ex Twitter user. I I read it probably too many hours of every day. Um, felt very bearish. You had some people rage quitting. And anytime you start to see that sentiment, the pattern matching that that I've seen in my years in the industry and as an investor in the asset class is that it could be the beginning of a signal that uh it's about to rip.

And is is there going to be a reason that it rips? I don't know. Sometimes there's a catalyst. Sometimes there's not a catalyst. It's just it's it's time for Bitcoin to start moving and and other cryptos to follow. So, um look, we'll see. My view is that um you know everyone that that manages uh liquid investments for their self or an institution would be wise to have an allocation. I think it does a wonderful thing to portfolios and I'm and I'm long-term very bullish on on Bitcoin in the asset class. >> Hey, if you're a product leader and an investor, Milk Road wants to talk to you. We're hiring a head of product to build tools and experiences used by millions of investors every month. Apply via the link below. I really like that perspective, Zach, and I like your focus on fundamentals and sort of the

long-term value proposition of the asset class as opposed to this momentary sentiment situation we've been in. Um, but I do want to ask some more questions about this sentiment because Galaxy Digital is is best known for its work focusing on institutions and their activities in the digital asset space. Galaxy 1 and particularly your career has been much more retail focused. So what do you think about this growing gulf between retail sentiment like you said being terrible on crypto, Twitter and other places, but the institutional adoption getting stronger and the fundamentals getting stronger? What do we need to see happen to sort of reignite some of that uh retail interest in digital assets and and bring back some of that enthusiasm?

>> I mean, look, it it could be any number of things, right? It could be something as simple as bonus season actually rolling around in the next few weeks uh and people allocating some of their bonuses into the crypto sector. Bitcoin crossing 100K again and then all of a sudden it's you know invogue and people are excited and the animal spirits are are flowing. But you're also going to continue to see announcements this year similar to what we had last year with the ETFs on the institutional side. like Morgan Stanley this morning just announced they're launching a uh bit Bitcoin ETF and probably some other crypto ETFs. And so I think that'll be a big story for this year. The you know traditional financial institutions of the world continuing to productize and open up distribution channels for crypto

that will then flow through to retail investors. often cases, you know, it'll be retail investors who um have their investment decisions managed for them by an RAIA or another investment professional. A lot of those channels are still closed. They they move slowly. The ETFs just came around last year. Some warehouses and other firms have a, you know, one-year lockdown on new ETFs being able to be made available to their clients. And so, we're going to see progress there. And and ultimately I you know I wouldn't be surpris I'd be more surprised if we have another bad year and less surprised if we have a good year that people aren't expecting with low sentiment at the beginning of the year.

>> Gotcha. Yeah. So it sounds like you're saying that the four-year cycle is dead. Um but like you said, you're not a prognosticator, so I'm not going to twist your arm on that too much, but I really appreciate the outlook and just sort of your general thoughts on where we are in the market right now because a lot of people are trying to figure out what's going on. Um, I want to pivot the conversation more towards Galaxy 1 because I I do want to learn a lot about this platform while I have you on the program here. Um, this has been built as a unique or rather a unified crypto platform built for institutions. Um, and that that's I think something that's been emphasized a lot is this built for institutions piece. It was launched by Galaxy Digital in October of 2025. Um, it allows investors to manage cash,

trade crypto, and invest in traditional stocks and ETFs all in one place. And that's that unified piece. Um, just tell us about this. What got you excited to come back to crypto with Galaxy 1? Why are you passionate about this specific project? >> Sure. So, um I mean what got me to come back? I've had a long relationship with uh Mike and Chris Ferraro um at Galaxy. They were earlier early investors in BlockFi. Chris was on the board at BlockFi through our series B. And so we've had a great relationship for a long time. I I respect them tremendously as you know, incredible capital allocators, incredible thought leaders.

And you know I was very excited about the potential to join the team but also I was very bullish on the space that Galaxy operates in which I would categorize as being you know when I joined institutional crypto financial services and then obviously their expansion into AI data centers. I think it's a pretty unique company to have both of those things under one roof and and I think uh over a long enough time horizon you'll see some interesting intersections there that Galaxy's able to take advantage of in ways that you know other companies might not be as well positioned to. And the idea for Galaxy 1 which which Mike and Chris had basically a simple idea which was should we bring some of this institutional infrastructure and services that Galaxy

has built to individual investors. That idea was something that excited me tremendously and to do it not just for crypto but also you know across other asset classes and in a way that was really focused on enabling folks to grow their wealth with differentiated products that Galaxy is uniquely suited to offer because of its infrastructure uh and expertise that it's built up uh of course in traditional finance with with the backgrounds of everyone before joining Galaxy But but then specifically in crypto and so we launched in October checking account with FDIC insurance, brokerage account where you can buy and

sell stocks with no fees, crypto account where you can buy and sell blue chip cryptos, and then our Galaxy premium yield product where you can earn 8% on cash if you're an accredited investor. And this is just the start of what we're going to bring to the market on this platform. But, you know, ultimately, I think if you look at us a year or two from now, you'll say, "Wow, there's like three or four things that Galaxy 1 is doing that I cannot do at Coinbase or Robin Hood or some of the other, you know, traditional consumer financial services companies. And there'll be things that, you know, you're either accessing capital at a lower cost when you're borrowing or accessing investment opportunities that uh offer higher

returns or kind of a different better risk adjusted return profile than traditional allocations. And um I love this stuff, you know, like this is uh building consumer financial services is a passion of mine. I'm kind of like a personal finance nerd and uh I also love crypto and so having the the Galaxy platform as a place to build something like that and and doing it with a a publicly traded company which is something I haven't done before. G BlockFi was obviously you know private throughout its entire life uh was another thing that really interested me.

So um yeah I I couldn't be more excited to be here and be a part of this team. Well, I want to say one thing just to plug Milkroad AI. Mike Novagrats from Galaxy Digital came on to kick off that channel that we launched. If anybody missed that interview about that intersection of AI and crypto that Zach mentioned, definitely go check that out. Um, but I want to ask some more questions here specifically around some of these products and features services that you said that Galaxy 1 is going to have that'll be unique differentiators. Um, one of the things I've seen is you guys are offering FDIC insured cash accounts yielding up to 4% and a premium yield product up to 8% APY for accredited investors. Um, my understanding that this is going to be backed by Galaxy's institutional lending but not FDIC insured that that premium

product. I'd love to hear more about that and you know this is like the classic crypto question. Where exactly is that yield coming from? Tell us about this product and what's going on there. >> Yeah, sure thing. So, uh, one thing to note for both of these products, the FDIC insured checking account and the 8% premium yield for accredited investors, you can auto reinvest the interest that you're earning into the crypto of your choice and soon to give you a little bit of a glimpse into the road map also into any, you know, stock or ETF of your choice. So, this idea of compounding wealth over time, you know, comes through in these products already.

Differentiated products, I think Galaxy Premium yield the 8%. There's just not a lot of places where you can get a, you know, short duration public publicly traded companyisssued private security where, you know, it's just a a very attractive yield on cash. For someone that has a a short-term cash position for whatever reason or is a fixed income type investor, I think this product is worth taking a look at. Where does the yield come from? Really simple answer. Galaxy has been a leader in the institutional crypto lending market for a long time. The institutional crypto lending market is under supplied with cash relative to traditional markets and as a result the cost of borrowing is higher and we are with this product

enabling folks to access that market with a security wrapper of a guarantee from Galaxy um behind the product. So while the yield is being generated from institutional lending in the crypto markets, you you have the protection of a guarantee from Galaxy essentially making the risk profile something more like corporate debt. So if you're thinking about analyzing the risk, I think the right way to do that is by looking at, you know, Galaxy's Health is a publicly traded company. They're publicly produced and audited financials. um which isn't really something you've been able to do with any crypto lending product, you know, yield generating product historically.

One thing I would note, you know, because of our focus on risk management, the product is capped at 250 million in total size for now. So at some point in the future, we will be saying that product is not available anymore potentially. Um uh but that but that's an important consideration for risk management and it highlights how important risk management is to Galaxy. The institutional lending book as of the last quarterly earnings report for Galaxy was at about 1.8 8 billion and and so we we basically sized this vehicle as a you know as as a function of uh of that and and we said okay if we want this vehicle to be just a portion we don't want to all of the

institutional lending to be funded by this but we want to give investors on the Galaxy 1 platform access to it we put that cap on it that's also important for risk management you know we couldn't generate you know 8% in the crypto lending market on 10 billion dollars of cash so there There's a little bit of like a while while supplies last component to this vehicle. Um, but there's plenty of room for now. >> Yeah, I remember what it was like back in 2021 and 2022 when everyone was promising, you know, the the 16% APY on on however many billions it could get.

Yeah, exactly. So, it's good to hear that that's not [laughter] what's going on. Um, and yeah, no, I think that like the the framing of that with the the limit on the offering for the product is is a good way to frame it. you're going to have dollars waiting in line to get access to that. Um, and that's a good place to be. Um, like we we've discussed in this conversation already, Galaxy traditionally has been very focused on institutions. This product, as you say, is for individuals, retail, but a lot of people have already observed that Coinbase, Robin Hood, Binance, many others are already sort of serving the retail market. And I'd like to hear your thoughts on just what differentiates you from these people or these other competitors, other apps. Do you see them as competitors or are they going for a different niche of the market? like tell

us your thoughts on that. >> Yeah, sure. We're we're open to everyone, but but I think we're going to have products that are particularly interesting to folks that are in the kind of mass affluent or, you know, higher net worth category of retail. Um, we think of that as being roughly the 20% of households in the US that meet the accredited investor definition, which is 200k a year of income or a million dollar net worth excluding your primary residence. And you know, with our product suite now, Galaxy Premium Yield is is only available to folks that are accredited investors. And so, while we're open to everyone, that is kind of our uh express target market right now.

And we think that that audience has some, you know, unique needs that aren't well suited by the Robin Hoods and Coinbases of the world. So, I would say those generally fall across two categories, um, at a super high level. One is uh white glove customer service. You know, our client service team is based in the US. They're very smart individuals. They're often registered reps that have passed their series 7 or 63 or other kind of securitiesbased certifications and they're available over the phone, over chat, over email. Uh and so a really high quality of customer service. And the second is that anyone who's been on Robin Hood or Coinbase knows that they are throwing a lot of things at you. And for for me, a

lot of those things um do not belong next to a you know a serious like long-term kind of asset management, asset allocation, investment strategy. There are certain coins in the crypto market that I wouldn't recommend to you know my worst enemy. Not that I have one as an investment. There are you know uh amounts of leverage or you know things that happen with that that are just a lot closer to gambling I think than investing. And so we're going to do less of those things and and more of things that fit into the categories that I was talking about earlier. Enabling folks to do tax efficient lowcost borrowing where it makes sense to allocate their investment dollars into vehicles that are differentiated and allow them to

compound and grow their wealth better than they can on other platforms. And I think we're going to do that in a way that is decluttered relative to what you see in in some of the other kind of financial super apps today. um with the backing obviously of Galaxy Digital and and the product pipeline um that comes from the institutional focus that Galaxy has had. ETFs provide investors with a structured, disciplined and diversified approach to crypto, which is cool, but the world is moving on chain. We need a crypto native equivalent. That's exactly what Reserve's decentralized token folios [music] bring to the table.

Reserved ETFs are rule-based baskets of crypto assets packaged into a single token like Coin Market CMC 20, crypto's version of the S&P 500. Go to milkroad.com/reserve to find out what's on offer. Sure, tokenized financial products are the future, but there is a big sticking point. They all need to speak to each other. This is a tough problem to solve, but chain link does exactly that. It's the universal language for financial markets, linking Wall Street to web 3, banks to blockchain, and so much more. See how Chainlink is licking the world by going to milkroad.com/chainlink. >> Gotcha. So, what I'm hearing you saying is you're focusing on a niche of the market where they value customer service and they want some of these things unbundled from the plethora of things that go in a normal everything app. Um,

and then to have those things that are in there be be very uh premium quality, institutionalbacked or institutional grade rather. Um, so that that's helpful just as is to think about how you're framing this in your own mind. Um, I want to pivot towards some questions about the road map and future products and services that might be on the docket here for Galaxy 1. Uh, but I want to frame this in a sneaky way to see if I can get you to tip your hand on this. Um, Coinbase and Robin Hood have both publicly and successfully been pursuing their own L2s on Ethereum. A lot of other players in the space are doing L1s, launching their own stable coins. Um, have there been any conversations about doing either of those things? An L2, an L1 stable coins within Galaxy or Galaxy 1? um or what are some of the

items that are on your roadmap for 2026 and beyond? >> Yeah, so I mean look within within Galaxy it's an easy answer. Yes. Um have we had conversations about it? I mean there are just some incredible teams and areas of the business at Galaxy as I as I think you probably know from having Mike on. Um we're one of the largest providers of uh blockchain staking validation services across a number of blockchain networks. Um we own and operate a uh a custody platform with GK8. Uh we have an asset management and investment banking and advisory arm where we're you know helping companies facilitate investments or or you know

merger or acquisition transactions. We offer you know private and publicly traded asset management vehicles. So, are we looking at at, you know, novel ways to take advantage of the brand and our position in the market directly, you know, through um blockchain infrastructure? Yes. Is that happening within the Galaxy one team? Not necessarily in a silo. There's a there's a a couple other teams within the firm that are more focused on those than our we're really like the uh consumerf facing app layer. And so as those things get developed in other parts of the firm, will we look to bring the ones that are relevant to the audience that we have on the app in the right package?

Absolutely. So, you know, we'll be having a staking product and a borrowing product coming out on Galaxy 1 this year that I think will be differentiated relative to what consumers are able to access on other apps. We'll be adding support soon at Galaxy 1 for corporate accounts. Um and we think of this as really two categories of corporate accounts initially. Um single member LLC's that are used for investment or wealth management and planning purposes. So think uh LLC's, trusts, foundations. And then also for crypto businesses that want to get access to a treasury management solution, open up a bank, brokerage, and crypto account with one simple onboarding. If you've ever had to

onboard, I don't know where Milk Road does its treasury, but if you've ever had to try and open up a bank account and a brokerage account or a crypto account for a business, you realize that it can be really time consuming for every single one of those. You're looking at, you know, weeks to months for each type of account. We're going to enable folks to open all three of those accounts in one shot uh really quickly on our platform. We're going to be uh also launching a crypto portfolio line of credit product um which I'm really excited about. A couple other products in the borrowing category that we haven't talked about like uh specifically yet, but like in the back half of this year, you'll see us combining

crypto with a traditional asset class for a very large borrowing market in a way that I don't think other platforms have done before. So yeah, uh borrowing, earning more on your assets, onboarding more account types with uh with business are are some of the big themes for for Galaxy 1 for this year. Gotcha. So what I'm hearing in this answer, and there was a ton of alpha in there that I'm going to have to rewatch this again and like unpack each one of those things piece by piece, but it sounds like a lot of these products and services are focused on solutions for corporations, for companies that you're focusing on in 2026. Tell us about that market opportunity. what what is the demand that you're seeing in the market that's underserved and why do you think it's so important to focus on providing these solutions for businesses and

corporations? Uh yeah, just tell us a bit about that. >> Well, I think there's there's two parts. So, you know, on the individual side, if you think about this type of client that we're trying to address, the mass affluent higher net worth individual in the US, um very often these are business owners or they have, you know, for wealth management purposes, separate entities. I mean, on the on the super simple end, you're talking about, you know, just uh like an IRA that they've moved out of a 401k from an employer that they now kind of self-direct and can move around. And we already support those on on our platform. But as you get into more advanced stuff, you think about an LLC if you're someone that invests in real estate and your LLC might be sitting on some cash that you need to manage. Or if you're doing

charitable donations, if you think about a a donor advised uh fund to manage your charitable donations. If you're thinking about your family and and how things are going to flow through once you're not here anymore, you've probably set up a trust. And so, um, there's all these different vehicles that individuals use which don't have a social security number. They have an EIN number. And as a result, we we want to have the ability to onboard those seamlessly for our individual clients. And then the second category is crypto businesses that are looking for a consolidated banking brokerage and crypto treasury management solution. And you know, things have gotten better for crypto

businesses, but it's still hard. Like if you if you go to a bank and say, you know, you filling out a form to try and just open up a bank account and you put anything on there about crypto, um you're going to raise some compliance flags. You're going to go through some extra checks. We understand the crypto market very well. We already, you know, support on the institutional side of Galaxy tons of crypto businesses with different types of solutions. And so bringing that to the app for smaller businesses that that wouldn't necessarily qualify for a relationship with Galaxy's institutional side quite yet um is something that we think uh is a big opportunity.

>> Thanks for explaining that. I think that makes a lot of sense and and helps uh track why these products and services are going in that direction. Um, I want to ask a couple questions about what you're anticipating for the future here. Um, but I want to ask specifically around the Clarity Act. A lot of people are anticipating that once this bill comes through, which hopefully it will soon. It's it's on the docket in Congress right now. Um, there's going to be sort of like a double-edged sword for for crypto. On the one hand, there'll be a lot of opportunities, a lot of new capital that can potentially come into the space. On the other hand, there'll be challenges because a lot of legacy players will start to move in and launch their own products. How are you thinking about that in terms of the challenges

and opportunities that come from the Clarity Act for for Galaxy Digital, but specifically for Galaxy 1? >> Sure. So, um I think a lot of that really has to do with, you know, market structure, what type of asset falls into what bucket and and what exchanges can facilitate the trading of those assets. And so, I don't want to discount the value uh of the Clarity Act. I support it. I think it's going to be a great thing for uh you know, crypto to have that clarity. I think it's a an item in the bullish category for for the asset class when it gets across the finish line. Uh but for Galaxy 1, we're kind of agnostic to that exchange layer. We're we're trying to be a a platform where wherever something might be traded,

whether it's in the, you know, traditional brokerage world or the crypto world, you're able to access it here. We're able to get you quality execution at a good price. And so I anticipate that it will, you know, facilitate facilitate liquidity for the space. Increased competition in general is almost always a good thing for consumers. And so, uh, we we welcome that, but it it's not something that we've thought a lot a lot about having, you know, implications for our roadmap because we're really a layer above that, you know, creating services and and access on on top of um the, you know, exchange mechanics.

>> Gotcha. Okay, that's helpful. Um, I want to ask about 2026. There's a lot of big narratives that are out there right now. The intersection of crypto and AI is one that we've briefly touched on, but also stable coin adoption, tokenization has gotten a lot of attention as well. What are some of the bigger meta trends that you think do benefit Galaxy 1 or that you are really excited about going into 2026 here? I would just say it's um I mean look uh despite all the doom and gloom news that that we hear if if you open up you know if you turn on the TV or read social media apps like the wealth of the American consumer is is doing really well. Uh demographic trends uh you know I see a lot of stuff about how like

younger people are getting screwed because older people are holding all the money. Well the older people are going to pass away and pass the money down to younger people. So, [laughter] as as that wealth transfer starts to happen, um the preferences of younger folks are going to matter more and I think they're much more familiar with, you know, platforms like the one that we have at Galaxy 1 where it's kind of an app first, you know, multiple kind of products in one place, really intuitive user interface versus the traditional you have to pick up a phone and call your broker to or, you know, schedule a meeting with your financial adviser to get anything done. So, I think those trends are in our favor. you know, obviously the interest rate cycle and and the prospects of a uh you know, a new Fed chair and and a dovish interest

rate policy, I think are are bullish for uh the borrowing products that we're planning to launch and uh you know, also for markets and and the economy as a whole. So, those are a few of the things that uh that I would call out. Stable coins are the biggest use case in crypto right now. But let's be real, using them on chain is still way too complex. That's exactly the problem Bridge is solving. Recently acquired by Stripe. Yep, that's Stripe. Bridge helps businesses send, store, accept, and launch stable coins instantly. Explore the future of global financial infrastructure at milkroad.com/bridge.

>> Gotcha. Okay. Um, yeah, I think it's going to be interesting to see how all these things play out and what the the confluence between all of them is going to be because it it's still too early to tell in many cases. So, we'll have to watch and see what happens. Um, I think, you know, I think you're a little bit reluctant to do this, but I'm going to ask anyway. A lot of people at the end of December and beginning of January have been making predictions for 2026. And I want to hear if you have any predictions for 2026 for the crypto markets overall, whether it's a new all-time high for Bitcoin or some other prediction you're you're expecting to happen that other people maybe are missing. Um, what are you anticipating the most in 2026?

>> I mean, I think there I would I would make a prediction almost at the beginning of every year that Bitcoin hits a new all-time high and I'd give it pretty good odds, but so I'll take that one. Um stable coin adoption uh I think continues to increase rapidly. Proliferation of uh you know the ETFs and other uh kind of traditional product wrappers around crypto and and growth in distribution channels for crypto investment products at traditional financial firms uh will continue. Yeah, I think that you know those are the big ones that come to mind for me. I think you'll continue to see innovation and adoption of uh real world assets and and maybe you'll see, you know, one or

two breakout assets. Obviously, we've had the dollar with stable coins be, you know, the the category creating real world asset that's gotten tokenized, but I wouldn't be surprised to see a couple other things, whether it's, I don't know, somebody figure out figures out how to do S&P 500 shares as a token or um you know, Amazon stock. Uh, Galaxy has obviously tokenized its stock. It's not really trading a lot yet, but I think Galaxy might be at at the forefront of uh of some of that activity with our equity. And, you know, I think um outside of crypto, I just I think we're going to see really interesting things from AI.

It's kind of a consensus call, but I use it more and more every every day. And it's going to be really fun to watch the AI space evolve and productize um over the next couple years. I think it's uh you know I was still a little young for the internet the internet the beginnings of the internet but uh to be uh where I'm at now in terms of my just uh stage of life I guess and uh participating in and watching uh the AI the AI boom from the front lines is uh something that I'm really excited about as well.

Zach, I really appreciate you coming on the Milk Road Show and sharing with us about what you guys are doing at Galaxy Digital overall, but also specifically at Galaxy 1. I'm always really interested in who's building and who's trying new things, launching new products. And I also really appreciate the perspective of focusing on the fundamentals and, you know, sort of tuning out some of the sentiment and noise. That's something we focus on a lot here at Milk Road. Um, so yeah, just really appreciate the insights. I think, you know, what I want the audience to take away from this is that Galaxy 1 is going to is has launched, but it's going to be launching a whole lot more products and it's going to be fast and and new things coming all the time. So, it's something to pay attention to as they come into the scene here and start

to to take market share. Um, but Zach, where can we send people to find more of your work, your work, you and your work online? And if they want to keep up with Galaxy 1, where can we send people to do that? >> Yeah, so for Galaxy 1, our website is galaxy.app. Uh if you go to the app store on your iPhone or Android and search for Galaxy 1, you'll you'll see the app there. I encourage folks to check that out. Um we have a Twitter for, you know, uh Galaxy1 uh app, which is Galaxy1 app. We've got my Twitter here on the screen, Galaxy 1 Zack. My DMs are open. Um feel free to ping me. And just one plug, we're we're growing our team uh in particular on the product and engineering side pretty rapidly right now, not just at Galaxy 1,

but also at Galaxy more broadly. So, uh I encourage folks if you're if you're open to it and you've got uh you know, strong technical or product skills um to check out the jobs page uh at Galaxy Digital um shoot me a DM and uh we'd we'd love to chat with you. >> I love it, Zach. You're always building. Uh thanks for coming on the Milkro Show and best luck in 2026. I hope we can have you back on again soon. >> Thanks, John. We'd love to come back. >> Absolutely. Thank you all for joining us. We hope you learned something today. Uh so until next time, stay safe, stay educated, stay bullish, and we will see you all on the next episode of the Milkro Show. Thanks for being here, everyone. Bye. If y'all are making swaps or trades right now, highly recommend you check out Milkroad Swap. This is a

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