Bank Hapoalim, Israel's largest bank by assets, has partnered with Galaxy Digital to offer retail and institutional clients direct trading in bitcoin, ether, and solana. The move follows Chainalysis data showing Israel received approximately $22 billion in on-chain crypto value in the twelve months ending June 2025, signaling substantial institutional and retail demand. Galaxy serves as the infrastructure and execution layer, allowing the bank to offer crypto exposure without building proprietary trading systems. For Armada's crypto desk, this partnership model is relevant because it expands the institutional base of entities holding BTC, ETH, and SOL as balance sheet assets, which in turn broadens the potential counterparty pool for crypto-collateralized repo. It also validates Galaxy as a counterparty infrastructure provider worth monitoring for future relationship potential.