The platform operates as an additional layer and does not replace the existing banking core.
Includes BTC lending, Lightning, stablecoins, custody and exchange modules.
Open source financial services company Galoy has launched an open source banking platform designed for US banks and credit unions to integrate bitcoin (BTC) into their operations, without replacing their core systems. The announcement was made within the framework of the Bitcoin 2026 conference, held at the end of last week in Las Vegas.
The firm describes the system as a sidecar: a software layer that operates in parallel to the existing banking infrastructure. According to Galoy, this architecture responds to a reality of the sector: the substitution of traditional systems in financial institutions It is a multi-year process that few are willing to undertake.
The platform groups six use cases into a single system:
- Bitcoin-backed loans
- Payments via Lightning Network
- Stablecoin payments aligned with developing legislative frameworks
- BTC exchange under the OC risk-free principal model
- Integrated wallet infrastructure and custody.
Galoy suggests that the loan backed by bitcoin is the most accessible entry point for traditional bankingsince it replicates the logic of collateralized credits already known to lenders.
The company also presented three complementary tools aimed at reducing the internal uncertainty of institutions. His Regulatory Radar consolidates provisions from federal and state agencies into plain language summaries.
While the Portfolio Analyzer It allows executives to project how a BTC loan portfolio would fit on their balance sheet, with preloaded data from thousands of financial institutions in the country. On the other hand, the LTV Risk Scenarios models the impact of abrupt price drops on collateral and capital.
Banking versus Bitcoin: from the laboratory to the risk committee
Galoy is an open source financial infrastructure company known for developing Bitcoin solutions for institutions, including the technological support of the El Salvador Bitcoin Wallet. Its orientation towards regulated banking in the US positions it as a leading player in the institutional integration of digital assets.
Last year, the signature Lana had launchedsoftware that allows small banks offer loans backed by bitcoinwith the stated goal of expanding access to credit and reducing debt rates. This, as more institutions enter the market. The platform presented last week extends that model to a broader service proposal.
Galoy maintains that the conversation about bitcoin in banking has migrated from innovation laboratories to risk committees and business lines. A move that, according to the company, brings with it a level of scrutiny different from that faced by the first institutional pilots.