How is my crypto on GalaxyOne custodied?
GalaxyOne partners with Paxos Trust Company, LLC to custody digital assets on behalf of our clients. Paxos is a New York State-chartered trust company, overseen by the New York Department of Financial Services (NYDFS). This means they must meet strict regulatory, capital, and compliance requirements.When you hold cryptocurrency with us, your assets are:
- Stored securely in institutional-grade wallets managed by Paxos.
- Segregated from corporate assets, ensuring they are held for your benefit.
- Protected with advanced security controls, including multi-signature authorization and offline cold storage for the majority of funds.
This custodial arrangement allows you to benefit from the convenience of GalaxyOne while knowing your cryptocurrency is held with a regulated, trusted custodian.