Galaxy and State Street Hong Kong to Launch New Crypto Investment App

The app seems to be developed for Institutional investors which includes asset managers, pension funds, family office and accredited retail investors too. Especially in regulated Asian markets like Hong Kong and Singapore.

According to reports, Galaxy and Side Street eyes $5 billion in AUM for the app – by end of 2026.

Notably, this app represents a milestone for institutional crypto adoption in Asia as it combines Wall Street-grade asset management (State Street) with crypto-native intelligence (Galaxy).

Regulatory Tailwinds

The Galaxy Street launch further aligns with Hong Kongs push to become a regulated crypto hub.

Hong Kong is set to roll out an updated “virtual‑asset policy framework” by the end of 2025, which will introduce dedicated compliance licenses for over‑the‑counter (OTC) trading, custody services, and stablecoin oversight.

Thus, the regulatory clarity is improving in Hong Kong with a growing appetite for digital assets among Asia-Pacific investors.

The launch is also part of a larger trend of institutional TradFi players leaning into the crypto ecosystem amid renewed global interest in digital assets.

With Bitcoin ETFs making headlines in the U.S. and Europe, and Asia warming up to regulated crypto platforms, the GalaxyStreet app could serve as a blueprint for future collaborations.

The crypto world will be watching closely as its planned beta launch is scheduled for Q4 2025.