Draft:Galoy
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Last edited by Auric (talk | contribs) 41 hours ago. (Update) |
| Company type | Private |
|---|---|
| Industry | Financial technology, Cryptocurrency, Banking-software |
| Founded | September 2019 |
| Founder | Nicolas Burtey |
Area served | Global (enterprise & community banking) |
| Products | Lana, Bria, Cala, Stablesats, Blink Wallet |
Number of employees | 11 (as of Feb 2025) |
| Website | https://www.galoy.io |
Galoy, Inc. is a private American fintech company headquartered in Mountain View, California. Founded in September 2019 by Nicolas Burtey, it develops open-source and fair-source Bitcoin-native infrastructure that enables traditional financial institutions and communities to offer Bitcoin-native banking services ranging from Lightning wallets to bitcoin-collateralized lending platforms [1].
History
[edit]Galoy was founded in September 2019 with the mission of bringing banks onto Bitcoin rails [2]. Initially focused on the consumer-facing “Blink Wallet” (formerly the Bitcoin Beach Wallet), the company pivoted back to its original path of supporting financial institutions following regulatory shifts such as the repeal of SAB 121 [3].
On February 6, 2025, Galoy launched **Lana**, a bitcoin-backed lending platform tailored to challenger and community banks, enabling them to originate fiat loans backed by bitcoin with automated collateral, risk management, and compliance workflows [4]{index=4}. CEO Nicolas Burtey emphasized that Lana supports banks in offering rates of 12–15% APR and is built to be regulatory compliant[5].
Products
[edit]Lana
[edit]Lana is an enterprise-grade lending solution designed for fast time-to-market integration into traditional banking systems, custody platforms, and exchanges. It automates loan origination, margin calls, liquidation, and risk dashboards [6]
Bria, Cala, Stablesats, Blink Wallet
[edit]These products constitute Galoy’s open-source banking stack:
- **Bria** – a Bitcoin payments hub integrating on-chain and Lightning transactions [7].
- **Cala** – a Bitcoin-native double-entry accounting ledger.
- **Stablesats** – synthetic USD experience over Bitcoin rails.
- **Blink Wallet** – a custodial Lightning wallet originally built for the El Salvador “Bitcoin Beach” community [8].
Licensing & Open Source
[edit]Galoy’s core software is licensed under a mix of MIT, Apache‑2.0, and “fair-source” licenses. Under fair-source terms, commercial entities may not sell the software until two years have elapsed; after that, the code is fully open-source [9]. The company maintains active GitHub repositories, including renamed projects such as `blink`, `blink-mobile`, and others [10].
Compliance & Certification
[edit]Galoy holds ISO 27001 certification for its information security management system, supporting enterprise-grade deployments [11].
Leadership
[edit]- **Founder & CEO** – Nicolas Burtey [12].
Additional leadership and team size (≈11 employees as of Feb 2025) have been referenced in press statements :contentReference[oaicite:13]{index=13}.
Reception
[edit]Media outlets such as *Bitcoin Magazine* and *PYMNTS* praised Lana’s launch for democratizing Bitcoin-backed lending to smaller banks :contentReference[oaicite:14]{index=14}. Analysts from IBS Intelligence noted its automation of risk workflows and low time-to-market :contentReference[oaicite:15]{index=15}.
External links
[edit]References
[edit]- ^ “From Galoy to Blink – Some Galoy GitHub Repositories Are Being Renamed.” Galoy Blog, May 1, 2024. :contentReference[oaicite:1]{index=1}
- ^ “GaloyMoney – GitHub.” Overview and README detailing products and ISO 27001. :contentReference[oaicite:2]{index=2}
- ^ “Galoy Launches Bitcoin‑Backed Loan Software, Sets Groundwork For Open‑Source Banking.” Bitcoin Magazine, Feb 12, 2025. :contentReference[oaicite:3]{index=3}
- ^ “An ISO27001 Certified Vendor.” Galoy Website. :contentReference[oaicite:4]{index=4}
- ^ “Products | Open source bitcoin infrastructure for enterprise …” Galoy Website. :contentReference[oaicite:5]{index=5}
- ^ Galoy Terms & Conditions (fair‑source reference). :contentReference[oaicite:6]{index=6}
- ^ Galoy Blog “Moving Open Source Up the Bitcoin Stack – Baltic Honeybadger 2023” etc. :contentReference[oaicite:7]{index=7}
- ^ “Fair Source Licenses | Fair.io.” :contentReference[oaicite:8]{index=8}
- ^ GaloyMoney/liquidity‑fees‑paper GitHub (CC‑BY‑4.0). :contentReference[oaicite:9]{index=9}
- ^ “Bitcoin Banking for Communities: Lessons Learned from Bitcoin Beach.” Galoy Blog. :contentReference[oaicite:10]{index=10}
- ^ GaloyMoney/blink Licenses on GitHub. :contentReference[oaicite:11]{index=11}
- ^ “Galoy Raises $3m Seed Round…” Galoy Blog, Dec 15, 2021. :contentReference[oaicite:12]{index=12}