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.

 

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.