Bank Leumi has partnered with Galaxy Digital to become the first Israeli lender to offer customers the ability to buy, hold, and sell cryptocurrencies starting in 2027.

Key Points

• Bank Leumi will integrate Galaxy Digital’s "GalaxyOne Institutional" platform to facilitate crypto trading services.
• The partnership includes the use of Galaxy’s custody infrastructure to secure digital assets for bank clients.
• Customers will gain access to major cryptocurrencies, including Bitcoin, Ethereum, and Solana, through the bank's mobile application.
• Bank Leumi shares have increased by 20% on the Tel Aviv Stock Exchange over the past year.
• Galaxy Digital, based in New York, currently trades at $21.58 per share following a 25% decline over the last 12 months.

Why it Matters

This collaboration marks a significant shift in the Israeli banking sector by legitimizing digital assets within a traditional financial framework. It provides Galaxy Digital with a strategic foothold in the Middle Eastern market while allowing Bank Leumi to modernize its service offerings to meet growing investor demand.