Sky Protocol, Galaxy Digital Collaborate Over Lending, Capital Markets
Sky Protocol, the largest onchain capital allocator, and Galaxy Digital (NASDAQ: GLXY ), a global leader in digital assets and data center infrastructure, today announced a collaboration spanning lending and capital markets, and deepening Galaxy's use of Sky Protocol's savings token while expanding the onchain credit available to Galaxy's institutional platform, which serves more than 1,600 total trading counterparties. As part of the collaboration, Galaxy has added $100m of sUSDS, the native savings token accessible through Sky Protocol, to its corporate treasury and approved sUSDS as eligible collateral across its institutional trading business, which carries a $1.4 billion average loan book. Clients who post sUSDS against a loan continue accruing the Sky Savings Rate on the full position for as long as the loan runs.
Sky Protocol, the largest onchain capital allocator, and Galaxy Digital (NASDAQ: GLXY ), a global leader in digital assets and data center infrastructure, today announced a collaboration spanning lending and capital markets, and deepening Galaxy's use of Sky Protocol's savings token while expanding the onchain credit available to Galaxy's institutional platform, which serves more than 1,600 total trading counterparties. 4 billion average loan book. Clients who post sUSDS against a loan continue accruing the Sky Savings Rate on the full position for as long as the loan runs.