Galoy provides a bitcoin-native banking platform that includes a core ledger for managing user accounts and a secure Bitcoin bridge for integrating with enterprise applications. This technology enables businesses to efficiently handle both fiat and bitcoin transactions while managing volatility without relying on stablecoins.
Funding
$7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
HCFounders
Product
Problem
Traditional banking systems often struggle to integrate Bitcoin and other digital assets due to technological complexities, regulatory uncertainties, and the need for specialized infrastructure. This makes it difficult for financial institutions to offer Bitcoin-native services, such as digital asset-backed loans and Bitcoin payments, to their customers. Existing solutions often rely on stablecoins or traditional banking integrations, which can introduce additional layers of complexity and risk.
Solution
Galoy provides a Bitcoin banking platform designed to enable financial institutions to seamlessly integrate Bitcoin and digital assets into their existing products and operations. The platform includes a core ledger (Cala) for managing user accounts, a secure Bitcoin bridge (Bria) for connecting to the Bitcoin and Lightning networks, and a digital asset-backed lending platform (Lana). Galoy's modular architecture allows for the creation of Bitcoin-native financial services, such as bitcoin-backed lending, Bitcoin payments, and custodial and non-custodial accounts. The platform is built with modern development practices, including a cloud-native and event-driven architecture, and is designed to meet high-security standards.
Target Audience
Galoy primarily targets financial institutions, challenger banks, and community banks seeking to offer Bitcoin-native financial services to their customers.
Features
- Cala Core Ledger: An embeddable, double-entry accounting ledger for managing multiple user accounts in Bitcoin.
- Bria Bitcoin Bridge: A secure and scalable interface between Bitcoin, Lightning Network, and enterprise applications.
- Lana: A digital asset-backed lending platform for offering fiat loans secured by Bitcoin collateral.
- Stablesats: A hedging engine for synthetic USD creation, enabling volatility management without stablecoins.
- Open Source and Fair Source licensing for accessibility, auditability, and sustainability.
- Cloud-native and event-driven architecture for enhanced observability and scalability.
- Integrates with existing banking cores, custodians, and exchanges through extensible APIs.
- Designed to meet high-security standards, including ISO 27001 certification.